OpenFX raises $94M to expand stablecoin payments

Forex payments startup OpenFX has raised $94 million to expand its cross-border payments using stablecoins, Reuters reported. The investment round, which valued the company at around $500 million, included participation from Accel, Lightspeed Faction, M13, Northzone, and Pantera. The funds will be used for expansion into Southeast Asian and Latin American markets.