Diameter Pay raises $10M in Series A round co-led by CMT Digital, Lightspeed Faction

Stablecoin payments infrastructure startup Diameter Pay raised $10 million in a Series A funding round co-led by CMT Digital and Lightspeed Faction, The Block reported. The equity round also included SixThirty Ventures, Stellar Development Foundation, Tech Council Ventures, Onigiri Capital and Bitrock Capital. The company did not disclose how it plans to use the proceeds.