Stablecoin payment startup TransFi raises $19.2 million, led by Turing Financial Group.

Stablecoin payments startup TransFi announced the completion of a $19.2 million funding round, led by Turing Financial Group. This round includes $14.2 million in Series A equity funding and $5 million in committed liquidity. The new funds will support its efforts to build a cross-border transfer service based on stablecoin settlement channels, becoming an alternative to traditional bank and SWIFT transfer processes, while also expanding its liquidity network and obtaining regulatory approvals in more emerging markets. (Itbrief)