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Reflect Money announced today a $3.75 million seed round led by a16z crypto’s CSX accelerator, with participation from Solana Ventures, Equilibrium, BigBrain Holdings and Colosseum. 

Reflect won Grand Champion in Colosseum’s 2024 Solana Radar hackathon.

The new capital will fund a “software-as-a-stablecoin” infrastructure that lets any app issue yield-bearing dollars without lockups or operational complexity, the team told Blockworks.

Reflect’s pitch is straightforward: Idle stablecoin balances should be put into productive DeFi yield strategies.

“Every idle asset…

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