Stablecoin infrastructure startup Zerohash plans to raise $100 million at a valuation of nearly $1 billion, with Interactive Brokers leading the round.

On July 12 (UTC+8), it was reported that cryptocurrency and stablecoin infrastructure startup Zerohash plans to raise $100 million at a valuation of nearly $100 million. Publicly listed online broker Interactive Brokers will lead the round. Founded in 2017, Zerohash provides backend infrastructure for banks, brokers, and fintech companies to help them launch cryptocurrencies, NFTs, and other digital assets to their customers. The company has become an influential player in the popular stablecoin space, where stablecoins are cryptocurrencies pegged to an underlying asset such as the U.S. dollar. (Source: Bitpush) [Meta Era]