AnchorUSD offers stable currency anchored 1-for-1 to the US dollar (USDX).
Unlike competing stablecoins, AnchorUSD holds all deposits in US-domiciled bank accounts. Because USDX can always be created for $1 or redeemed for $1, investors can trade with confidence and avoid the volatility of unbacked cryptocurrencies. We undergo regular audits to ensure that the number of USDX in circulation is exactly equal to the number of dollars in our bank account.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
May 5, 2018 | Seed | $120K | 2 | Y Combinator | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Y Combinator | Yes | Seed |
Louis Beryl | — | Seed |