Cap completed a $11 million financing and will develop a stablecoin engine.

According to the Gate.io News bot and CoinDesk, the yield-generating stablecoin protocol Cap has announced the completion of a $11 million financing round. This round of financing was participated in by institutions such as Franklin Templeton and Triton Capital.

Cap stated that the funds from this round of financing will be used to develop its stablecoin engine project, which is expected to launch in the second half of 2024.

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