Express
Stellar Development Foundation Invests $3 Million Worth Of Stellar Lumens In Stablecoin Payment Tools
Summary: The Stellar Development Foundation has invested $3 million worth of Stellar lumens in Latin American cross-border payment and exchange platform Settle Network, as reported by the Block. Settle Network recently launched StableX, a stablecoin exchange, with the goal of building a Latin American foothold in the fiat-to-crypto market as well as in its home in ...
The Stellar Development Foundation has invested $3 million worth of Stellar lumens in Latin American cross-border payment and exchange platform Settle Network, as reported by the Block.
Settle Network recently launched StableX, a stablecoin exchange, with the goal of building a Latin American foothold in the fiat-to-crypto market as well as in its home in Argentina. The investment from SDF is meant to bolster Seattle Network's stablecoin-centered payment tools.
This investment marks the fourth from the SDF Enterprise Fund this fiscal year. A total of $9.3 million was given to DSTOQ, Abra, SatoshiPay, and now Settle Network.
By Emily Mason
Tags: cross-border payments,Cryptocurrency,Latin America,Stablecoins
Link: Stellar Development Foundation Invests $3 Million Worth Of Stellar Lumens In Stablecoin Payment Tools [Copy]
