Odaily News Stablecoin project CAP Labs announced on X that it has completed a $1.9 million Pre-Seed round of financing, with participation from Kraken Ventures, Robot Ventures, ANAGRAM, ABCDE Labs, SCB Limited, etc. CAP Labs is building a scalable crypto-native stablecoin that can provide users with a variety of crypto-native returns, including MEV, arbitrage, and other types of returns. Its mainnet is scheduled to go live in the first quarter of 2025.