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Crypto Funding: Hyperdrive Raises $6 mn to Build Stabelcoin Money Market

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Summary
Nutrition label

65% Informative

Stablecoins have become the established interest of Venture Capitalists in web3 now.

With their total market cap surpassing $240 billion as of writing, they are continuing to gain widespread acceptance.

In a latest instance to this, Hyperdrive has received $6 million in Series A funding support.

The funding comes as the token of blockchain on which Hyperdrive is built HYPE surpasses Sui to rank 13th in terms of market cap.

VR Score

44

Informative language

30

Neutral language

59

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Source diversity

2

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