Citing Coinotag, Fin, a stablecoin payments app co-founded by former Citadel engineers Ian Krotinsky and Aashiq Dheeraj, has raised $17 million in funding to develop its cross-border payment infrastructure. The app targets high-value transactions for businesses, offering faster and lower-cost alternatives to traditional banking methods. Investors include Pantera Capital, Sequoia, and Samsung Next. Fin plans to launch pilot services soon, focusing on import-export businesses requiring large-scale transfers. The app will generate revenue through transaction fees and interest on stablecoin balances.
Fin Stablecoin App Secures $17M to Revolutionize Cross-Border Payments
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