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Stablecoin Infrastructure Firm AlloyX Completes $10 million Pre-Series A Funding

AlloyX, a stablecoin infrastructure company, announced the completion of a $10 million Pre-A round of financing, with the participation of Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital, and Kiln SAS. The new funds are expected to be used to expand its business in stablecoins and crypto payments in the UAE, ASEAN, and African markets.