fintech
PhotonPay Raises Series B Led By IDG to Expand Stablecoin Payments Rails
📰 sources⭐ 6.0
TL;DR:
PhotonPay, a stablecoin-based payments infrastructure provider, said it had raised a Series B funding round of “tens of millions of dollars” led by IDG Capital, as investors step up bets on blockchain-enabled rails for cross-border commerce. Hillhouse Investment also participated alongside Enlight C...
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.