From Cointelegraph
May 28, 2025 01:52:00 PM:

Conduit, a Boston-based cross-border payments company, secures $36 million in Series A funding led by Dragonfly and Altos Ventures to expand currency offerings and scale its payment system with stablecoins and fiat. Clients have saved over 60,000 hours in settlement times and $55 million in fees since 2021 launch.

Stablecoin market capitalization hits $247 billion on May 28, up from $161 billion a year ago, per DefiLlama data. Tether’s USDT keeps pace with growth. Investors back stablecoin-focused startups, with Cap raising $11 million, Plasma securing $24 million, and Cedar Money closing a $9.9 million round. Circle, issuer of USDC, eyes $624 million IPO.

Read more at Cointelegraph: Conduit Raises $36M to Expand Cross-Border Stablecoin System