# cantonnetwork

$300 million for a blockchain project in the current market? 👀
Canton Network developer is reportedly raising fresh funding at a valuation close to $2 billion, with a16z crypto rumored to be involved.
Kinda shows that even when the market feels quiet, big money is still moving heavily behind the scenes 🚀
#GateSquareMayTradingShare #cantonnetwork $CC

📣 Gate now officially supports depositing and withdrawing funds in USDCx — its own stablecoin on the Canton network.
Main features:
🔷 Fully backed USDC at a 1:1 ratio.
🔷 Supports trading and asset management, just like traditional stablecoins.
🔷 Reserves are backed by USDC stored in the xReserve smart contract from Circle.
🔷 Built on the Canton CIP-56 standard, which ensures broader interoperability and composability within the Canton ecosystem, while supporting advanced privacy features.
✨ To celebrate the launch, Gate is launching several campaigns with a total prize pool of $150,000 in