Citing ChainCatcher, stablecoin app Fin, founded by former Citadel employees, has completed a $17 million funding round led by Pantera Capital, with participation from Sequoia and Samsung Next. The app aims to provide cross-border and large-value payment services using stablecoin technology, enabling fast global transfers with lower fees than traditional banks. It supports transfers to other Fin users, bank accounts, or crypto wallets and is targeting large-value cross-border and domestic transfers, such as improving payment efficiency in import and export trade. The app is not yet live and plans to launch a pilot with import and export companies next month. The company will generate revenue from transfer fees and interest on stablecoin reserves.
Stablecoin App Fin Completes $17M Funding Led by Pantera Capital
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