The firm uses stablecoin technology to help payment providers and commodity traders send money around the globe.
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Polychain and Ribbit Capital led the round, with participation from existing investors like Pantera and Bain Capital Crypto.
Stablecoins have become a buzzy sector over the past year amid a red-hot IPO from the stablecoin giant Circle and recently passed…
Interactive Brokers led the round. Other participants included Morgan Stanley, SoFi, and Jump Crypto.
“Their vision is to bring about Starlink for money,” said Caitlin Pintavorn, a partner at Paradigm.
Electric Capital and Paradigm led the round, which builds on an earlier grant from Ethereum founder Vitalik Buterin and the…
Senior Coinbase exec Jesse Pollak described the deal as a “holy crap” moment for the payments industry.
