Stablecoin cross-border trading startup OpenFX completes $23 million financing, led by Accel

Odaily News OpenFX, a stablecoin cross-border trading startup, announced the completion of a $23 million financing led by Accel. The company was founded by Prabhakar Reddy, whose goal is to replace SWIFT and build a cross-border trading network based on stablecoins. OpenFX currently supports 7 currencies, including the US dollar, euro and Mexican peso, and plans to expand to 10 currencies this summer, including Southeast Asia. (Fortune)