Stablecoin innovator raises $1.95 billion in funding at a valuation, betting on the global payments market

[Crypto World] Stablecoin sector sees another major funding round. A company focused on stablecoin payments has just completed a $250 million funding round at a valuation of $1.95 billion, led by well-known investment firm ICONIQ, with top VCs such as Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures participating as co-investors. This brings the company’s total funding to over $338 million.

The company’s core strategy is clear—help clients launch stablecoin payment cards based on the Visa network. In other words, integrating blockchain payment capabilities into traditional payment systems. After securing this new funding, they plan to accelerate expansion across North America, South America, Europe, Asia, and Africa.

Interestingly, the funding announcement specifically emphasizes that the funds will be used to address the rapidly changing regulatory environments worldwide. This actually reflects the current state of the stablecoin track—technology and business models are already established, and the main challenges now shift to compliance and regulation. Judging by the list of investors, these backers clearly recognize the prospects of this direction.