Conduit Raises $36 Million - Expanding Stablecoin Payments

Conduit in this round of funding?

Conduit is a payments platform that uses stablecoins to simplify and optimize cross-border transactions. Using blockchain technology, Conduit provides a solution that enables fast conversion between fiat and stablecoins, supports 14 fiat currencies, and operates in 9 countries, including the US.

Why is Conduit gaining attention in the current context? The stablecoin market is growing rapidly, with a total capitalization exceeding $190 billion and monthly trading volume reaching trillions of dollars.

Stablecoins have become the backbone of the blockchain ecosystem, thanks to their fast transaction speeds, low fees, and 24/7 availability. Is this growth of stablecoins the main factor driving investor interest in Conduit?

What does this $36 million Series A funding round say about investors’ confidence in the future of blockchain-based payments solutions? What message do the investors who participated, particularly Dragonfly Capital – a prominent crypto venture capital fund – and Circle Ventures – the company behind the USDC stablecoin, send about Conduit’s potential to reshape the way money moves around the world?

Why is this event important for the decentralized finance industry?

Conduit’s success in raising funds raises the question: Can stablecoins become a superior solution to traditional payment systems like SWIFT? Compared to SWIFT, which typically takes 2-3 days to process cross-border transactions, Conduit allows businesses to move between currencies like Pesos and USD in minutes at significantly lower costs. What does this mean for businesses in regions like Latin America and Africa where traditional payment solutions are limited?

What does the participation of prestigious investment funds such as Dragonfly Capital, Altos Ventures, and Circle Ventures in this round suggest about the future of Conduit? How can Dragonfly Capital, with its experience investing in large blockchain projects, support Conduit in its global expansion? Meanwhile, can Circle Ventures, as the issuer of USDC, help Conduit integrate more deeply with the world's largest stablecoin ecosystem? How will these relationships shape Conduit's strategy in competing with its rivals?

With the total supply of stablecoins set to exceed $224 billion by early 2025, what is driving this growth? Major companies like Stripe, PayPal, and Visa have already started integrating stablecoins into their payment systems. Is Conduit on track to capitalize on this trend? And why are fast, cheap, and transparent payment solutions more important than ever in today’s global financial landscape?

Evaluation and Conclusion

Conduit has set out to “change the way money moves around the world.” But how exactly will it do that? By using stablecoins, the company aims to create a payment system that is not only fast and efficient, but also accessible to global businesses.

Conduit’s platform enables flexible conversion between fiat and stablecoins via APIs, and also enables companies to issue their own stablecoins to suit their business needs. Could these applications open up new opportunities in areas such as B2B payments, remittances, or personal finance?

The $36 million raised by Conduit raises the question: Is this a sign of convergence between traditional and decentralized finance? Institutions like Deutsche Bank, JPMorgan, and Mastercard have already started investing in blockchain solutions. What role do stablecoins play in bridging these two worlds? For the Vietnamese market, where cryptocurrencies are increasingly popular, what opportunities can solutions like Conduit bring to small and medium-sized businesses? And with strict regulations in Vietnam, like the case of Pi Network being warned, what should Conduit do to effectively approach this market?

Once again we give our opinion on potential projects in the crypto market. This is not investment advice, consider your portfolio. Disclaimer: The views expressed in this article are solely those of the author and do not represent the platform in any way. This article is not intended to be a guide to making investment decisions.

Compiled and analyzed by HCCVenture

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