Stablecoin infrastructure company Checker completes $8 million in funding, with participation from Galaxy Ventures and others

Odaily reports that stablecoin infrastructure startup Checker has announced the completion of $8 million in pre-seed and seed funding, with participation from Galaxy Ventures, Al Mada Ventures, Framework Ventures, Bitso, Airtm, DFS Lab, Onigiri Capital, SNZ Capital, and Velocity. The project's main business is to help financial institutions launch and scale stablecoins and related products by providing a single API.

It is reported that Checker has processed over $3 billion in transaction volume over the past 12 months and plans to use the new funds to expand its financial institution network to Brazil, Kenya, Hong Kong, and the United States, while also planning to launch AI agents for customer onboarding, compliance assessment, and treasury operations. (theblock)