Odaily News SaturnX, a UAE stablecoin infrastructure service provider, announced the completion of a $3 million seed round of financing, led by White Star Capital and participated by strategic institutional investors.
SaturnX provides global payment API interface services based on stablecoins for enterprises and financial institutions, supports intelligent foreign exchange routing and compliant payment networks, and focuses on major remittance corridors such as Southeast Asia and Africa. In just 5 months since its establishment, the platform's transaction volume has exceeded US$250 million and has achieved profitability. The financing will be used to expand Southeast Asian payment corridors such as the Philippines, Bangladesh, Indonesia, and Pakistan, strengthen compliance infrastructure, and improve its enterprise-level API stablecoin payment platform.
SaturnX supports the main corridor from the Middle East to South Asia through pre-deployed stablecoin liquidity pools, real-time aggregated FX quotes, and compliance license cooperation, with an annual trading volume of hundreds of millions of dollars.