Gate News: On March 18, stablecoin cross-border payment platform TransFi completed a $19.2 million funding round, including $14.2 million in Series A equity financing and a $5 million committed liquidity financing. The round was led by Turing Financial Group, a strategic investor in digital payments and financial infrastructure. TransFi uses stablecoins as a settlement track to provide an alternative to traditional correspondent banks and SWIFT systems for emerging markets, supporting over 40 fiat currencies and more than 100 digital assets, integrating over 250 local payment methods. The business covers more than 70 countries, serving over 100 global clients and 2 million end users. The new funds will be used to expand into Southeast Asia, South Asia, the Middle East, Latin America, and Africa, deepen regulatory licensing, and grow the liquidity network.
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