SaturnX, a UAE-based stablecoin infrastructure provider, has raised $3 million in a seed funding round led by White Star Capital. The funding will support the expansion of its stablecoin payment API services, focusing on key remittance corridors in Southeast Asia and Africa. Since its inception five months ago, SaturnX has processed over $250 million in transactions and achieved profitability.
The company plans to use the funds to enhance its compliance infrastructure and expand its payment corridors in the Philippines, Bangladesh, Indonesia, and Pakistan. SaturnX's platform facilitates cross-border payments through pre-deployed stablecoin liquidity pools and real-time FX quotes, targeting major remittance channels from the Middle East to South Asia.
SaturnX Secures $3 Million Seed Funding to Expand Stablecoin Payment Infrastructure
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