PhotonPay, a stablecoin payment infrastructure provider, has successfully raised tens of millions of dollars in a Series B funding round led by IDG Capital. Other participants included Hillhouse Investment, Enlight Capital, Lightspeed Faction, and Shoplazza, with Blacksheep Technology acting as the exclusive financial advisor. The company plans to use the funds to enhance its stablecoin payment channels, hire key personnel, and expand its regulatory compliance efforts, particularly in the U.S. and emerging markets. Founded in 2015, PhotonPay operates 11 centers worldwide and employs over 300 people. The company reports an annualized payment processing volume exceeding $30 billion, leveraging its stablecoin-native clearing and settlement infrastructure. PhotonPay has established partnerships with major financial institutions such as JPMorgan Chase, Circle, and Mastercard. Looking ahead, the company aims to introduce value-added services, including treasury products and flexible credit instruments, starting in 2026.