Credit stablecoin protocol Claim has completed the first round of institutional strategic investment

Defi credit stablecoin protocol Claim has announced the completion of its first round of strategic investment. Partners include NGC, Silicon VC, HOO Venture, C6E, Vega Venture, WaterDrip Capital, SpaceX, Excision Biotherapeutics, and NIO Silicon Valley Investors Fund.

Claim is a credit stablecoin protocol based on ETH. Users can pledge assets they hold to generate a stable currency called CUSD. A Claim does not rely solely on the present value of the mortgaged asset, but rather on the expected future returns of the asset as a reliable collateral.