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Stablecoin Cross-Border Payment Platform TransFi Completes 19.2 Million USD Financing, Led by Turing Financial Group
ChainCatcher reports that, according to market sources, the stablecoin cross-border payment platform TransFi has completed $19.2 million in funding, including $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The round was led by Turing Financial Group, a strategic investor in digital payments and financial infrastructure.
It is reported that TransFi uses stablecoins as a settlement track to provide an alternative to traditional correspondent banks and the SWIFT system for emerging markets. The new funds will be used to expand into Southeast Asia, South Asia, the Middle East, Latin America, and Africa, deepen regulatory licensing efforts, and grow its liquidity network.