Coinflow Raises $25M to Scale Stablecoin Payments, Backed by Pantera and Coinbase

Coinflow Raises $25M to Scale Stablecoin Payments, Backed by Pantera and Coinbase

By Coindesk
Stablecoin payments startup Coinflow has raised $25 million in a Series A round led by Pantera Capital, as it moves to scale its global payout network and challenge legacy cross-border systems.

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Coinflow, a leading stablecoin payments startup, successfully secured $25 million in Series A funding led by prominent cryptocurrency investor Pantera Capital, with backing from major exchange Coinbase. This significant investment positions Coinflow to revolutionize cross-border payments through blockchain technology and stablecoin infrastructure.

The funding round highlights growing institutional confidence in cryptocurrency payment solutions and decentralized finance (DeFi) applications. Coinflow's platform leverages stablecoin technology to enable faster, more cost-effective international transactions compared to traditional banking systems, addressing key pain points in global commerce.

With Pantera Capital and Coinbase's strategic backing, Coinflow aims to expand its global payout network and compete directly with legacy financial institutions. This development signals broader adoption of cryptocurrency payment rails and stablecoin utility in mainstream finance.

The $25 million investment reflects increasing venture capital interest in blockchain-based fintech solutions, particularly those focusing on practical cryptocurrency applications. As institutional adoption of digital assets grows, Coinflow's stablecoin payment infrastructure could capture significant market share from traditional cross-border payment providers, potentially driving further cryptocurrency market growth and blockchain technology advancement.

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Market Sentiment
neutral
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Crypto#News

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Source: Coindesk

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