Mandela Digital, a stablecoin issuer, has completed a $5 million financing round, according to a report cited by ChainCatcher from Globenewswire. Datavault AI participated in the round. The company said the new capital will be used across core areas tied to its stablecoin rollout, including infrastructure, compliance, exchange integrations, liquidity, and marketing. It also said the funding will help speed up the launch of Mandela Dollar (MUSD), a stablecoin designed to maintain a 1:1 peg with the U.S. dollar. In addition to investing, Datavault AI is set to provide technology support for MUSD, covering an AI platform, blockchain tokenization, SanQtum quantum-resistant encryption, and a real-world asset, or RWA, framework. The announcement outlines both the financing and the technical stack planned around the product as Mandela Digital moves ahead with the MUSD release.
Mandela Digital, a stablecoin issuer, has completed a $5 million financing round, according to Globenewswire, as cited by ChainCatcher. Datavault AI participated in the raise.
The company said the new funds will be used for stablecoin infrastructure, compliance, exchange integrations, liquidity, and marketing. It also said the capital will accelerate the rollout of Mandela Dollar (MUSD), a stablecoin pegged 1:1 to the U.S. dollar.
Datavault AI will also provide technical support for MUSD, including an AI platform, blockchain tokenization, SanQtum quantum-resistant encryption, and a real-world asset (RWA) framework.
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