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xBacked

xBacked

Project

Decentralized Stablecoin protocol For Algorand

Stablecoin ProtocolDeFi

About

xBacked is a decentralized stablecoin protocol that allows anyone with ALGO to mint xUSD, which is over-collateralized by assets such as Algo, BTC, and ETH. Tags: DeFi Stablecoin Protocol Ecosystem(): Algorand Founded:

Founded
2021 · 5y

History

2022
Jan 6, 2022funding

Seed Round

$1.50M

$1.50M · Mechanism Capital, Meld Ventures, Cluster Capital

2021
Jan 1, 2021founded

Founded