Stablecoin company Crown completes $8.1 million seed round financing

Jinse Finance reported that Brazilian stablecoin company Crown has announced the completion of an $8.1 million seed round, led by Framework Ventures, with participation from Valor Capital Group, an investment arm of an exchange, Norte Ventures, Paxos, and Ed Wible, co-founder of Nubank. The new funds will be used to support the company's launch of the stablecoin BRLV, which is pegged to the Brazilian Real (BRL) and fully backed by Brazilian government bonds.