Exchanges· ★★★· bullish·

PhotonPay raises $40M Series C for stablecoin-based financial OS

  • —The $40M Series C was led by Blockchain Capital, with SBI Group as a new investor
  • —PhotonPay is building a multi-asset wallet, global card issuance and local settlement
  • —The company holds over 30 payment licenses and serves clients in 200+ countries
Why it matters: The sizable raise for stablecoin payment infrastructure signals growing institutional appetite for blockchain-based settlement.
Source: PANews
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