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Pymnts

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Stablecoins Hit the Street and FinTech Funding Targets Lending Platforms

  • Circle shares saw a significant rise in their debut on public markets, ending the day with a 168% gain, showcasing enthusiasm for FinTechs.
  • Stablecoin landscape is evolving, with Circle's increased transparency through SEC filings setting a potential industry standard.
  • Conduit, a stablecoin-focused cross-border payments platform, secured $36 million in funding with Circle's participation, offering faster and cheaper payment alternatives.
  • Other FinTech investments include OatFi raising $24 million for a B2B credit network, VOX Funding obtaining a $150 million credit facility, and Banxware receiving a 10 million euro investment for SME lending solutions.

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