News Snapshot:
XLD Finance , a decentralized ecosystem based on stablecoin, has raised US$13 million in a pre-series A funding round led by crypto investors Dragonfly Capital and Infinity Ventures Crypto. Photo credit: Reuters The platform builds infrastructure for Web3 and crypto projects to bridge them to traditional finance. Its products include crypto-based payments, disbursements, and crypto-to-fiat offramp APIs . XLD Finance currently operates in the Philippines, Indonesia, Malaysia, Vietnam, India, and Bangladesh, with a total merchant network of over 10,000 partners. The funds will be used to scale XLD Finance’s product and engineering teams as well as to accelerate the development...
