Stablecoin-Enabled Forex Trading Startup XFX Completes $17 Million Funding Round, Led by Castle Island Ventures

Odaily News Stablecoin-enabled forex trading startup XFX announced the completion of a $17 million funding round, led by Castle Island Ventures with participation from Haun Ventures and Coinbase Ventures. XFX co-founder and CEO Santiago Alvarado declined to disclose the company's valuation from this round. It is reported that currently, besides allowing customers to exchange between stablecoins, XFX also permits customers to exchange three fiat currencies: US dollars, Mexican pesos, and Colombian pesos. (Fortune)