Stablecoin payments startup TransFi announced the completion of a $19.2 million funding round led by Turing Financial Group. The round includes $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The new funds will support TransFi in building cross-border transfer services based on stablecoin settlement channels to become an alternative to traditional banking and SWIFT transfer processes, while also expanding its liquidity network and obtaining regulatory licenses in more emerging markets.