Golden Finance reports that Noah, a startup in the stablecoin field, has made significant progress recently, successfully completing a $22 million financing round. This round of financing was led by the well-known European venture capital institution LocalGlobe. This move demonstrates the institution’s high recognition of the potential of the Noah project. Apart from LocalGlobe, institutions such as Felix Capital and FJ Labs are also actively involved in the investment. Meanwhile, Angel investors such as Joe Lonsdale, the co-founder of Palantir, and Alexander Matthey, the former chief technology officer of Adyen, have also joined one after another to inject financial support into Noah.
It is worth mentioning that Thijn Lamers, a former executive of the fintech giant Adyen, joined Noah as a co-founder and president. Thijn Lamers has extensive experience in the field of fintech. During his previous tenure at Adyen, he accumulated profound industry resources and professional knowledge. His joining will bring new ideas and vitality to the development of Noah. In the current era of continuous innovation and transformation in the fintech industry, the stablecoin market is developing rapidly but also faces many challenges, which require professional talents to lead the way. The joining of Thijn Lamers is expected to help Noah stand out in the stablecoin race with his precise grasp of the trends in the fintech industry.
Stablecoins, as an important component of the cryptocurrency field, have attracted much attention in recent years. By being pegged to fiat currency or other assets, it aims to maintain relatively stable prices, address the issue of significant price fluctuations in cryptocurrencies, and provide users with a more stable store of value and medium of exchange. Against the backdrop of the overall volatile cryptocurrency market, stablecoins are playing an increasingly important role in cross-border payments, decentralized finance (DeFi), and other fields, and the market demand for high-quality stablecoin projects continues to grow. As a start-up company, Noah is committed to delving deeply into the stablecoin field. Through innovative technologies and business models, it aims to bring more competitive stablecoin products to the market. This round of financing of 22 million US dollars will provide strong support for Noah in terms of technology research and development, team building, market promotion and other aspects, accelerating the implementation and development process of its projects.
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