OpenFX raises $23 million led by Accel to build near-instant cross-border transactions

Quick Summary:

Why the latest stablecoin startup to raise venture funding could bring a technological breakthrough.

Readers of this newsletter have probably heard of Bridge, whose $1.1 billion acquisition by Stripe last October thrust stablecoins into the Silicon Valley consciousness.

For those not versed in blockchain jargon, stablecoins are a type of cryptocurrency pegged to an underlying asset, such as a fiat currency or a commodity like gold, and designed to stay at a certain price.

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Article Details

Author / Journalist: Leo Schwartz

Category: EconomyBusiness

Markets: United States

Topics: Venture Capital Term Sheet Startups Private equity

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 11:23:32 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 700 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 175 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28904829

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 34 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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