Stablecoin Cross-Border Commercial Banking Platform Flex Raises $70 Million in Series B1 Funding, Led by Halo Fund

Odaily Planet Daily reported that the stablecoin banking platform Flex announced the completion of a $70 million Series B1 funding round, led by Halo Fund. The new funds will be used to expand its stablecoin-based cross-border commercial banking platform, Flex Global, helping mid-sized enterprises manage global payments and treasury operations through stablecoin infrastructure. Data shows that the annual stablecoin payment volume has reached approximately $390 billion, with business-to-business transactions growing approximately 733% year-over-year. Meanwhile, Visa's stablecoin settlement volume reached an annualized $7 billion as of April 2026, up 50% year-over-year. (Forbes)