Stablecoin Payment Startup TransFi Completes $19.2 Million Funding Round, Led by Turing Financial Group

Odaily News Stablecoin payment startup TransFi announced the completion of a $19.2 million funding round, led by Turing Financial Group. This round includes $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The new funds will support its efforts to build cross-border transfer services based on stablecoin settlement channels as an alternative to traditional bank and SWIFT transfer processes, while expanding its liquidity network and obtaining regulatory approvals in more emerging markets. (Itbrief)