Electric Capital and Paradigm led the round, which builds on an earlier grant from Ethereum founder Vitalik Buterin and the Ethereum Foundation.
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Polychain and Ribbit Capital led the round, with participation from existing investors like Pantera and Bain Capital Crypto.
Almost a decade ago, the SEC cracked down on founders who sold tokens to retail traders to raise money.
“Their vision is to bring about Starlink for money,” said Caitlin Pintavorn, a partner at Paradigm.
The firm uses stablecoin technology to help payment providers and commodity traders send money around the globe.
Interactive Brokers led the round. Other participants included Morgan Stanley, SoFi, and Jump Crypto.
The six-year-old company is rebuilding corporate credit cards and expense reports with funding from Founders Fund, Iconiq, and…
