BlockBeats News, March 18th. According to The Block, stablecoin payments company TransFi announced the completion of a $19.2 million financing round, including a $14.2 million Series A equity financing and a $5 million committed liquidity facility, led by Turing Financial Group.
The company is a stablecoin cross-border payment infrastructure provider focusing on emerging markets, aiming to be an alternative to traditional correspondent banking and the SWIFT system. Its platform uses stablecoins for cross-border transaction settlement, supporting global payroll, remittances, treasury fund movement, and outbound payments. Currently, the company’s business covers over 70 countries, supporting 40+ fiat currencies and 100+ cryptocurrencies.
