PEXX, Stablecoin Settlement Platform, Secures $4.5 Million in Seed Funding

IconCryptoNewsTerminal Staff16 Jul, 2024

cryptonews.jpg

PEXX, Stablecoin Settlement Platform, Secures $4.5 Million in Seed Funding

PEXX, a fintech startup building a stablecoin-fiat payment platform, announced today that it has raised $4.5 million in seed funding. The round was led by TNB Aura, and participation from Antler, EMO Capital, and others. The PEXX payment platform allows holders of USDT, USDC, and other stablecoins to instantly transfer their assets to bank accounts worldwide. This eliminates the need for lengthy and costly conversions, making it easier and faster for businesses and individuals to use stablecoins for everyday transactions. "We are excited to have the support of such a strong group of investors as we continue to build the PEXX platform," said PEXX CEO and Co-founder, Michael Liu. "This funding will allow us to accelerate our development and bring our solution to market." PEXX is currently in beta testing and is expected to launch its platform to the public later this year. The company is also working on developing new features, such as support for additional stablecoins and the ability to send payments to mobile wallets.

Related News