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Despite Being Flush Avalanche Raises 250 Million From Galaxy And Others

December 18, 2024
Despite its already strong financial position, Avalanche, the company behind AVAX-USD, has secured an additional $250 million in funding from investors such as Galaxy Digital and others. The injection of capital will be used to further expand and develop Avalanche's ecosystem, including its decentralized finance (DeFi) offerings. With this funding, Avalanche hopes to solidify its position as a leading player in the blockchain space and continue to drive innovation in the industry.
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