OpenFX Raises $94M to Scale Stablecoin-Based Cross-Border Payments #
FX and payments startup OpenFX has raised $94m in funding to expand its platform focused on cross-border transactions using stablecoins. The company aims to improve the speed and cost efficiency of international payments by leveraging digital assets, positioning its solution as an alternative to traditional foreign exchange and correspondent banking systems
The investment reflects growing interest in stablecoin-based infrastructure as financial institutions and fintechs explore new models for global payments. By targeting inefficiencies in cross-border transfers, OpenFX is entering a competitive space where digital asset rails are increasingly seen as a viable complement to existing payment networks.