River has completed a 12 million strategic financing round to accelerate its cross-chain stablecoin infrastructure. The round drew participation from Maelstrom Fund, founded by Arthur Hayes. Other backers include Tron DAO, Justin Sun, The Spartan Group, and several Nasdaq-listed companies from the United States and Europe.
The raise strengthens Rivers position as a multi-chain stablecoin protocol that enables users to collateralise assets on one blockchain and mint the stablecoin satUSD on another. It does this without using bridges or wrapped assets. The system is powered by an Omni-CDP module built on LayerZeros OFT standard.
The company plans to use the new funds to deepen its presence across both EVM and non-EVM networks. Supported ecosystems include Ethereum, BNB Chain, Base, Arbitrum, Tron, and Sui. The goal is to strengthen on-chain liquidity and create a unified stablecoin environment across chains.
