Stablecoin payment platform completes $107 million Series B funding, annual payment volume exceeds 10 billion

[CryptoWorld] A fintech company focused on stablecoin global payment solutions has just announced the completion of Series B funding, amounting to $107 million. This round of financing was led by well-known venture capital firm Goodwater Capital, with participation from top-tier institutions such as Pantera Capital, Blockchain Capital, and Circle Ventures, resulting in an oversubscribed round.

After the financing, the company’s total funding has exceeded $200 million. In terms of business performance, it has currently accumulated over 6 million registered users, with an annualized payment transaction volume exceeding $10 billion. More impressively, the company has achieved profitability. This indicates that the stablecoin payment track has moved from concept to actual commercial use, and has found a sustainable business model.

Regarding the funds raised, CEO Michael Gao revealed that they will be invested in three areas: first, infrastructure expansion to support the growing transaction volume; second, strengthening compliance systems to meet regulatory requirements in different regions; third, advancing strategic acquisitions to accelerate industry layout through capital integration. As stablecoin payments transition from niche to mainstream, this round of financing may be the turning point.