River Completes $12 Million Strategic Funding Round

Foresight News reports that the chain-agnostic stablecoin system River has completed a $12 million strategic funding round. In addition to previously reported participation from Justin Sun and TRON DAO, this round's investors also include Maelstrom Fund (founded by Arthur Hayes), The Spartan Group, as well as Nasdaq-listed companies and institutions from the U.S. and Europe. The funds raised will be used to support River's expansion across EVM and non-EVM ecosystems (including TRON, Sui, and major EVM networks) and to continue building on-chain liquidity infrastructure. The funding will accelerate ecosystem deployment, deepen stablecoin liquidity, and promote the integration of satUSD in trading, lending, staking, and yield scenarios. Additionally, River will launch yield products Smart Vault and Prime Vault, providing users and institutions with a unified interface for cross-ecosystem yield access through protocol-native and institutional-grade strategies.