Reflect Money Secures Major Funding for USDC+ Stablecoin Launch on Solana

Reflect Money has secured a significant funding round of $3.75 million to launch its innovative yield-bearing stablecoin, USDC+, on the Solana blockchain. This funding was led by a16z Crypto CSX, with participation from renowned investors such as Solana Ventures, Equilibrium, Big Brain VC, and Colosseum. The company’s solution aims to address the inefficiencies of traditional stablecoins in on-chain finance. By capturing blockchain yield directly without relying on intermediaries, Reflect Money promises a significant boost in capital efficiency up to 100 times greater than existing methods.