Stablecoin startup Payy completes $6 million seed round led by FirstMark Capital

Odaily News Stablecoin startup Payy has completed a $6 million seed round led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. The financing was structured as a SAFE agreement with token warrants. This round was completed in December last year, bringing the total cumulative funding to date to $8 million. Payy was initially named Polybase, a Web3 database project, before pivoting to become a stablecoin payment platform in 2023. (The Block)