Stablecoin issuer Mandela Digital has completed a $5 million financing round, with participation from Datavault AI

According to Globenewswire, the stablecoin issuer Mandela Digital announced the completion of a $5 million financing round, with participation from Datavault AI. The new funds will be used for the construction of stablecoin infrastructure, compliance, exchange integration, liquidity and marketing, as well as to accelerate the launch of the 1:1 dollar-pegged stablecoin Mandela Dollar (MUSD).

It is reported that Datavault AI will also provide technical support for MUSD, including an AI platform, blockchain tokenization, SanQtum quantum-resistant encryption, and a framework for real-world assets (RWA).