Self-custodial dollar account Sovra completes $2 million Pre-seed funding

CoinFeed June 23 news, according to Sovra's official Twitter, self-custodial dollar account Sovra has completed a $2 million Pre-seed funding round, led by Pharsalus Capital. Sovra is a self-custodial fintech platform primarily targeting the Middle East and North Africa region, providing users with a global digital dollar account based on USDC. The platform enables users to hold, send, spend, and earn yield on digital dollars while maintaining control over their funds without relying on traditional banks or custodians.