Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether’s TUSD. Also known as BUSD, the token is traded almost exclusively on the Binance exchange and its market cap – which roughly corresponds to the total value of dollars deposited with its issuer,... Image credit: source Argent, a mobile Ethereum wallet, announced today it has closed a $12 million Series A funding, led by Paradigm. Also participating in the Series A include Robert Leshner, founder of Compound, and existing investors: Index Ventures, Creandum and firstminute. Paradigm’s previous investments include decentralised exchange Uniswap and Layer 2 technology provider, Starkware Sequoia crypto fund Paradigm has led digital wallet startup Argent’s $12 million Series A funding round. They joined founder of Compound Robert Leshner, Index Ventures, Creandum, and Firstminute Capital. It is Paradigm’s first investment in Europe. The London-based wallet startup has now raised $16 million since it was founded in December 2017. Argent Wallet was launched in 2018 and is supported by high profile investors such as Index Ventures, Creandum, Firstminute Capital and the founder of Compound. Last month the London-based startup received additional funding of $12 million from Paradigm, the Sequoia Capital fund. Features of Argent Wallet The Nordic venture capital firm Creandum has built the world’s biggest and most complete database of Bitcoin-related businesses, from exchanges to payment processors. According to the platform, The Bitcoin Database already has more than 300 registered companies. The goal is to provide an overview of the Bitcoin system to entrepreneurs and investors looking for efficient information. The Ethereum wallet app has also secured seed and Series A funding round from notable investors such as Firstminute Capital, Index Ventures, Creandum and Paradigm, raising a total of $16 million. The wallet is supposed to have excellent security features as well as seamless compatibility with Ethereum’s popular Defi platforms.
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