Stablecoin issuer Mandela Digital completes $5 million funding round, with participation from Datavault AI

Odaily reports that stablecoin issuer Mandela Digital has announced the completion of a $5 million funding round, with participation from Datavault AI. The new funds will be used for stablecoin infrastructure development, compliance, exchange integration, liquidity and market promotion, as well as accelerating the launch of the 1:1 US dollar-pegged stablecoin, Mandela Dollar (MUSD). It is reported that MUSD is positioned to promote financial inclusion, cross-border remittances, and digital payments in the Global South. Datavault AI will also provide technological support for MUSD, including its AI platform, blockchain tokenization, SanQtum quantum-resistant encryption, and Real World Asset (RWA) frameworks. (Globenewswire)