Fin, a payments venture established by former Citadel engineers, has successfully closed a $17 million funding round. The capital will support the launch of the company’s new application, which is designed to facilitate cross-border transactions using stablecoins. This development arrives as traditional financial institutions and fintech companies increasingly explore and integrate digital asset solutions into their service offerings. The platform aims to leverage the efficiency and reduced costs associated with blockchain-based stablecoin transfers, positioning itself within the growing intersection of conventional finance and cryptocurrency infrastructure. The involvement of professionals with backgrounds in major financial firms underscores a broader trend of institutional expertise entering the digital payments space, seeking to address existing inefficiencies in global money movement.
