Conduit, a Boston-based cross-border payments firm, has secured $36 million in a Series A funding round led by Dragonfly and Altos Ventures. The investment, which also saw participation from Sound Ventures, Commerce Ventures, DCG, Circle Ventures, Helios Digital Ventures, and Portage Ventures, aims to enhance Conduit's payment system and expand its currency offerings by integrating stablecoins with local fiat currencies. Conduit positions itself as a modern alternative to the SWIFT network, providing near real-time cross-border settlements. Since its inception in 2021, the company claims to have saved clients over 60,000 hours in settlement times and more than $55 million in fees. The stablecoin market has grown significantly, with a 54% increase in market capitalization over the past year, reaching $247 billion as of May 28, 2025.