Stablecoin startup Noah closes $38M seed round

Stablecoin payment infrastructure firm Noah said on Oct. 7 that it had closed a $38 million seed round after raising an additional $16 million from existing and new investors through its official channel. The company said the proceeds will be used to expand its stablecoin-based cross-border remittance service, scale compliant business operations, hire talent, build infrastructure in key markets, and enter the U.S. market.