#USTechFundFlows

According to Axios citing sources familiar with the matter, Backpack Exchange, a centralized cryptocurrency exchange founded by former FTX and Alameda executives, is negotiating a new round of funding at a pre-money valuation of 1 billion$USDC . Specifically, Backpack is planning to raise $50 million$USDC

USDC

1.0004

-0.04%

, but the final funding round could be larger.