OpenFX, a company specializing in stablecoin-based cross-border payment infrastructure, has successfully raised $94 million in a funding round. The investment was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, bringing the company's valuation to approximately $500 million. OpenFX aims to enhance the efficiency of cross-border remittances by integrating blockchain technology with traditional banking systems, offering faster and more cost-effective settlement services. The company reports that over 98% of transactions on its platform are settled within 60 minutes, with its annualized payment processing volume surging from $4 billion to $45 billion. The newly acquired funds will support OpenFX's expansion into Southeast Asia and Latin America, further broadening its market reach.