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

Odaily Planet Daily News: 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 its 1:1 US dollar-pegged stablecoin, Mandela Dollar (MUSD). It is reported that MUSD aims to promote inclusive finance, cross-border remittances, and digital payments in the Global South. Datavault AI will also provide technical support for MUSD, including its AI platform, blockchain tokenization, SanQtum quantum-resistant cryptography, and real-world asset (RWA) frameworks. (Globenewswire)