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Conduit Raises $36 Million to Promote Cross-Border Stablecoin Payments

  • Stablecoin-focused cross-border payments platform Conduit has raised $36 million in new funding to expand into new markets.
  • The funding round, which includes participation from Circle's venture investment arm, aims to accelerate the development of a global payments infrastructure.
  • Conduit's platform integrates stablecoins, USD, and local currencies, offering faster, cheaper, and more reliable cross-border payment alternatives compared to legacy systems like SWIFT.
  • In other news, Circle is planning to go public, emphasizing transparency and compliance as key factors in gaining trust from institutional clients in the stablecoin arena.

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