According to ChainCatcher, stablecoin issuer IDA has successfully raised $6 million in a seed round led by CMCC Global. The financing also attracted participation from well-known investment institutions such as Titan Fund and Hashed.

The funds will be used to advance the development and launch of IDA's first fiat-referenced stablecoin HKDA. HKDA aims to be regulated in Hong Kong to bring more stability and trust to the market. Other participants include Hack VC, Anagram, GSR, etc., as well as well-known angel investors such as Solana co-founder Raj Gokal.

This financing shows the market's continued attention and confidence in stablecoin projects, which may bring more innovation and development opportunities to the blockchain industry in the future.