ChainCatcher news, according to Techcrunch, led by Sequoia China (HongShan) and Sequoia India (Peak XV), has jointly invested $10 million in the seed round financing of the stablecoin payment platform KAST.KAST is a bank-like platform based on stablecoins, allowing users to hold and use stablecoins through traditional payment channels, and providing credit card services that can be used within standard merchant networks, enabling users to spend their stablecoin assets at merchants that do not support cryptocurrency payments.The platform was co-founded by Raagulan Pathy, former head of Asia Pacific at Circle, and Daniel Bertoli, former partner at Quona Capital, primarily targeting users in emerging markets, especially offshore workers. KAST reduces cross-border payment costs by bypassing traditional banking networks and is currently not operating in China and India due to regulatory restrictions. DST Global and Goodwater Capital participated in this round.

ChainCatcher news, blockchain and tokenization infrastructure platform Paxos has launched its new stablecoin payment platform. Stripe's Pay with Crypto product is powered by Paxos' stablecoin payment infrastructure, making it easier for merchants to accept stablecoin payments.Paxos supports instant conversion between USD and PYUSD, USDP, and USDC for received payments, expenditures, and refunds. After receiving stablecoin payments through Paxos, users can choose to either convert immediately to fiat currency and settle in local currencies like USD, or pay the merchant directly with the stablecoin balance.

ChainCatcher news, stablecoin payment platform Sling Money announced the completion of a $15 million Series A funding round, led by Union Square Ventures, with participation from Ribbit Capital and Slow Ventures. This round of funding will help Sling Money advance its mission of global payments. Transfers on Sling Money use Pax Dollar (USDP), a dollar-backed stablecoin issued by Paxos Trust Company. USDP and its reserves are strictly regulated by the New York State Department of Financial Services.Sling Money leverages stablecoin technology and a user-friendly interface to enable users to make instant transfers between over 50 countries, with almost zero fees. The company previously raised $5 million in a seed round led by Ribbit Capital.

ChainCatcher news, according to chainwire, the stablecoin payment platform PEXX announced the completion of a $4.5 million seed round financing, led by TNB Aura, with participation from early venture capital firm Antler, Filecoin early supporter EMO Capital, and other venture capital and cryptocurrency investors.It is reported that PEXX's payment platform allows users holding Tether (USDT) and Circle (USDC) stablecoins to transfer their assets directly to bank accounts, helping individuals and businesses conduct cross-border transactions without intermediaries or bank accounts.