The stablecoin cross-border payment network Arf has completed a $13 million financing round, with participation from Circle Ventures and others

2022-10-26 09:06:57

Collection

ChainCatcher news, the stablecoin cross-border payment network Arf has completed a $13 million financing round, with participation from Circle Ventures, Stellar Development Foundation (SDF), United Overseas Bank (UOB) Venture Management, Signum Capital, Hard Yaka, NGC Ventures, Blockchain Founders Fund, and 500 Emerging Europe, as well as investors from Coinbase, Solana, FTX, and Kabbage. The new funds will be used to develop its blockchain-based technology to provide global fund management and working capital credit lines for financial institutions and licensed money service businesses operating in the cross-border payment industry.

ChainCatcher previously reported that the stablecoin cross-border payment network Arf launched its credit service "Arf Credit" in April this year, using USDC as a transactional short-term working capital. (source link)

Related tags

Arf investment and financing stablecoin

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.