Stablecoin company Loon has raised approximately $2.15 million in seed funding, led by Version One Ventures.

Odaily reports that Canadian stablecoin company Loon has completed a C$3 million (approximately US$2.15 million) seed funding round, led by Version One Ventures, with participation from Garage Capital and a consortium of Canadian angel investors. The company reportedly plans to launch a Canadian dollar-based stablecoin to reduce its reliance on US dollar stablecoins. (PRNewswire)