Forex startup XFX raises $17M to build stablecoin exchange infrastructure

Foreign exchange startup XFX has raised $17 million in a Series A funding round to expand its business aimed at improving exchange efficiency between stablecoins and fiat currencies, according to Fortune. The round was led by Castle Island Ventures, with participation from Haun Ventures, Coinbase Ventures, and others. The company plans to use the funds for hiring and partnership expansion.