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.