Iris raises $43 million for blockchain infrastructure for telecom operators on Avalanche
- —$43 million in funding came from a single investor, Balesia Group
- —First client VIVA reduced prepaid subscriber churn by 33%
- —Lifetime value of VIVA's prepaid customers rose 35%
- —Settlements run through Agora's USDi stablecoin on an Avalanche L1
Why it matters: The case shows dedicated L1s and stablecoins moving beyond crypto into telecom settlements, but it all rests on a single investor.
Source: Crypto Briefing