PANews reported on September 3rd that, according to Blockworks, the stablecoin project Reflect Money announced that it has completed a $3.75 million seed round of funding led by a16z Crypto's CSX Accelerator, with participation from Solana Ventures, Equilibrium, BigBrain Holdings, and Colosseum. The new funds will be used to build a "software-as-stablecoin" infrastructure, enabling any application to issue interest-bearing US dollars without locking up funds or complex operations. The Reflect protocol tokenizes on-chain DeFi strategies and converts deposited USDC balances into interest-bearing "USDC+" while maintaining sufficient liquidity. The stablecoin will be non-custodial and can be minted and redeemed on demand at any time. Reflect is scheduled to launch on its mainnet in early September, initially supporting USDC on Solana.PANews reported on September 3rd that, according to Blockworks, the stablecoin project Reflect Money announced that it has completed a $3.75 million seed round of funding led by a16z Crypto's CSX Accelerator, with participation from Solana Ventures, Equilibrium, BigBrain Holdings, and Colosseum. The new funds will be used to build a "software-as-stablecoin" infrastructure, enabling any application to issue interest-bearing US dollars without locking up funds or complex operations. The Reflect protocol tokenizes on-chain DeFi strategies and converts deposited USDC balances into interest-bearing "USDC+" while maintaining sufficient liquidity. The stablecoin will be non-custodial and can be minted and redeemed on demand at any time. Reflect is scheduled to launch on its mainnet in early September, initially supporting USDC on Solana.