US-listed Fittell Corporation has completed a $50 million funding round, with plans to convert the proceeds into stablecoins.

Odaily Planet Daily reports that Nasdaq-listed Fitell Corporation has announced it has raised $50 million through a convertible bond issuance. The company will convert the net proceeds into stablecoin assets, expanding its balance sheet, and will also use the stablecoins to support 2F Robotics, an AI-driven robotics and automation systems development company. (Globenewswire)