Stablecoin Protocol Bluejay Finance Looks to Raise $5M to Mint SG Stablecoins

Bluejay Finance, a stablecoin issuer, is raising $5 million from the sale of its governance token $BLU. The funds will be used to mint Bluejay's first stablecoin, bluSGD, pegged to the Singapore dollar. In addition, the funds will be used for market making bluSGD on decentralized exchange Uniswap.