Reflect Money has completed a $3.75 million seed funding round, with a16z CSX leading the investment.

BlockBeats News, September 3rd. Stablecoin project Reflect Money announced the completion of a $3.75 million seed round financing. The round was led by a16z crypto's CSX Accelerator, with participation from Solana Ventures, Equilibrium, BigBrain Holdings, and Colosseum.

The Reflect protocol tokenizes on-chain DeFi strategies, converting deposited USDC into interest-bearing "USDC+," while maintaining liquidity. Reflect is set to launch its mainnet in early September, with initial support for USDC on Solana.