Fin, a payments startup founded by former Citadel engineers, has successfully raised $17 million in a funding round to support the launch of its stablecoin-focused application for cross-border transactions. The company aims to leverage blockchain technology to facilitate faster and more cost-effective international payments, positioning itself within a growing trend of traditional financial institutions and fintech companies expanding their digital asset offerings. The platform is designed to utilize dollar-pegged stablecoins to provide users with a reliable medium of exchange, minimizing the volatility typically associated with cryptocurrencies. This strategic move comes as demand for efficient global payment solutions continues to rise, with Fin seeking to capture market share by addressing existing inefficiencies in conventional remittance systems. The involvement of executives with backgrounds at a leading financial firm like Citadel underscores the project’s focus on institutional-grade infrastructure and regulatory compliance. The fresh capital will be allocated toward further development, team expansion, and market entry initiatives as Fin prepares for its public rollout.
