OpenFX raises $23M to improve stablecoin conversion for cross-border payments

OpenFX, a firm working on cross-border infrastructure for stablecoin transactions, has raised $23 million in a funding round led by Accel, according to Fortune Crypto. The company aims to address the "last-mile" issue in converting stablecoins to local currencies and is focusing on clients such as neobanks and remittance providers. Its platform currently supports multiple currencies for international payments.