As reported by BlockBeats, on October 28, stablecoin payment startup Standard Economics announced the completion of a $9 million seed funding round led by crypto venture capital firm Paradigm, with participation from Lightspeed and strategic angel investors. The company plans to use the funds to develop its app, aiming to create a 'one-stop platform' for global users to send cross-border payments or remittances while accessing USD via stablecoins. The company currently has six employees and has not yet generated revenue. Its first product, the Uno app, launched in Mexico on Tuesday, supporting iOS and Android, offering users free banking tools including domestic payments and international remittances. The company plans to expand Uno to Argentina, the Philippines, and other countries in Latin America and Asia.
Stablecoin Payment Startup Standard Economics Closes $9M Seed Round Led by Paradigm
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