Stable Standard - Week of December 9th, 2024
stablestandard.substack.com · 540 words · saved by 1 readers
Major Fundraising Announcements, Stablecoin Yield Opportunities Above 20%, and The True Cost of Stablecoin Payments
Stablecoins reach an ATH of $196B - Source Stablecoin Fundraising Heats Up This week, three stablecoin companies announced fundraising rounds: Kast Finance, a stablecoin-based neobank, announced a $10 million seed round from PeakXV and HongShan. The company offers users premium credit card offerings and savings products as part of their neobank platform. Perena, which is building products to solve liquidity and integration fragmentation across stablecoins, announced a pre-seed round led by Borderless Capital. Sphere Labs, a cross-border payments company built upon stablecoin rails,…
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