On December 12th, Sphere, a cross-border stablecoin payment company, completed a $5 million financing, led by Coinbase Ventures and Kraken Ventures. The funds raised will be used to further invest in regulatory compliance and risk management capabilities.
Founded in 2022 by Arnold Lee and Luigi Charles, Sphere collaborates with global fintech companies and licensed money transfer providers to enable cross-border transfer of stablecoins between businesses and exchange them for local fiat at the destination.
Cross-border stablecoin payment company Sphere completes $5 million financing, led by Coinbase Ventures and others
2024-12-12 01:09:07
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