Fluid Protocol announced the completion of a $3.90 million seed round financing, led by Bloccelerate.

Fluid Protocol has announced the completion of a $3.90 million seed round of financing, led by Bloccelerate, with participation from Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, and Infinity Ventures. Fluid Protocol was founded by David Mass and Meir Bank, former members of Citibank and AngelDAO. This round of financing will be used to support the development and launch of the USDF stablecoin. USDF is the native over-collateralized stablecoin of the Fuel network, designed to provide users with interest-free lending capabilities and enhance capital efficiency. (TheBlock)