AlloyX Group merges with Huaying Holdings at a valuation of US$350 million

Stablecoin infrastructure company AlloyX announced a formal merger agreement with Nasdaq-listed Huaying Holdings at a valuation of US$350 million. This merger will give full play to the advantages of both parties in traditional finance and Web3 ecosystems, work together to create a new financial ecosystem with stablecoins as the core, and promote the deep integration of traditional finance and digital assets. Before this merger, AlloyX has been recognized by many internationally renowned investment institutions. Top institutions including Fenbushi Capital, Longling Capital, Kiln, Arbitrum Foundation and Offchain Labs all participated in the latest round of financing of AlloyX, demonstrating the industry's high recognition of AlloyX's development prospects.