Fin, a stablecoin payment application founded by a former Citadel employee, has raised $17 million in a funding round led by Pantera Capital, with participation from Sequoia Capital and Samsung Ventures. The company, previously known as TipLink, plans to launch a stablecoin-based cross-border payment app. This app will enable users to make instant transfers to bank accounts, crypto wallets, or other Fin users, focusing on large-scale cross-border and domestic payments. Fin aims to begin a pilot next month and generate revenue through transaction fees and stablecoin interest earnings.
Stablecoin Payment App Fin Secures $17 Million in Funding
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