PANews reported on December 8th that AllScale has completed a seed round of financing of approximately $ 5 million , led by YZi Labs ( EASY Residency S2 ), with participation from Informed Ventures and Generative Ventures . AllScale has also established an ecosystem partnership with BNB Chain . Positioning itself as a self-custodied stablecoin " neobank , " AllScale targets micro-enterprises and freelancers globally, providing stablecoin payment, invoicing, and settlement tools. It supports account abstraction and LLM financial assistance, highlighting its passkey wallet (no mnemonic phrase required) and multi-chain " paymaster " payment service, offering zero gas and low latency. The platform is already integrated with BNB Chain and a high-efficiency Layer 2 architecture, and plans to expand to Latin America next quarter. It also stated that it has established a partnership with the African freelancer community.PANews reported on December 8th that AllScale has completed a seed round of financing of approximately $ 5 million , led by YZi Labs ( EASY Residency S2 ), with participation from Informed Ventures and Generative Ventures . AllScale has also established an ecosystem partnership with BNB Chain . Positioning itself as a self-custodied stablecoin " neobank , " AllScale targets micro-enterprises and freelancers globally, providing stablecoin payment, invoicing, and settlement tools. It supports account abstraction and LLM financial assistance, highlighting its passkey wallet (no mnemonic phrase required) and multi-chain " paymaster " payment service, offering zero gas and low latency. The platform is already integrated with BNB Chain and a high-efficiency Layer 2 architecture, and plans to expand to Latin America next quarter. It also stated that it has established a partnership with the African freelancer community.

AllScale has raised $5 million in seed funding, led by YZi Labs.

2025/12/08 18:43

PANews reported on December 8th that AllScale has completed a seed round of financing of approximately $ 5 million , led by YZi Labs ( EASY Residency S2 ), with participation from Informed Ventures and Generative Ventures . AllScale has also established an ecosystem partnership with BNB Chain . Positioning itself as a self-custodied stablecoin " neobank , " AllScale targets micro-enterprises and freelancers globally, providing stablecoin payment, invoicing, and settlement tools. It supports account abstraction and LLM financial assistance, highlighting its passkey wallet (no mnemonic phrase required) and multi-chain " paymaster " payment service, offering zero gas and low latency. The platform is already integrated with BNB Chain and a high-efficiency Layer 2 architecture, and plans to expand to Latin America next quarter. It also stated that it has established a partnership with the African freelancer community.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

the $63M White Whale of a tale

the $63M White Whale of a tale

The post the $63M White Whale of a tale appeared on BitcoinEthereumNews.com. This weekend on crypto social media, memecoin traders spun yet another fantastic tale of leveraged trading meltdown.  According to the still-being-written legend, crypto exchange MEXC locked $3 million belonging to famed crypto trader The White Whale. As he continued to amass money from leveraged trading despite the freeze, he claimed that he’d become so wealthy that if MEXC ever unfroze the funds, he’d give away the proceeds to the community.  Then, on October 10, HyperLiquid liquidated $63 million of his then-larger assets amid a contentious pricing print from a data oracle. Though briefly devastated, MEXC eventually agreed to unlock his assets, prompting celebrations over his legendary return and, predictably, the creation of various memecoins. Smelling an opportunity, The White Whale decided to use some of his recently unlocked $3 million, earmarked for “the community,” to overtake one of these eponymous memecoins and add liquidity on its trading pairs. The White Whale of crypto Most crypto traders simply laughed as he attached cringe-worthy images of a white whale engaged in financial transactions to his trading commentary tweets. The laughter was appropriate, given how impossible it is to verify his narrative. So-called decentralized exchanges with limited know your customer requirements like HyperLiquid allow anyone to create an unlimited number of wallets and manipulate the pricing of markets across various wallets that they control.  In other words, no one except the trader knows if someone has sole claim to a single wallet and username, or whether someone is using multiple wallets in order to craft a trading history for one of many usernames. The White Whale, like the titular whale in Herman Melville’s 1851 novel, Moby Dick, has become an obsession to many on social media, thanks to the fantastic sums of money at stake, the clownish images, and the ostensibly philanthropic, Phoneix…
Share
BitcoinEthereumNews2025/12/08 21:19