Stablecoin company Crown completes $8.1 million seed round of financing, led by Framework Ventures

According to Odaily Planet Daily, Brazilian stablecoin company Crown announced the completion of an $8.1 million seed round of financing, led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos, and Nubank co-founder Ed Wible. The new funds will be used to support the company's launch of the BRLV stablecoin, which is pegged to the Brazilian real (BRL) and fully backed by Brazilian government bonds. (Blockworks)