Conduit’s $36M: The New Age of Payments or Just Another Crypto Fad? 💸

In the bustling heart of Boston, where the cobblestones whisper tales of yore, Conduit has emerged, clutching a staggering $36 million from the benevolent hands of Dragonfly and Altos Ventures. This treasure will be used to amplify its payment system, expanding its currency offerings like a magician pulling rabbits from a hat—only these rabbits are stablecoins and fiat! 🐇💰

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Investors are throwing their chips on stablecoin-focused startups like it’s a game of poker. In April, the stablecoin firm Cap raised $11 million in seed funding, while Plasma secured $24 million in February. Cedar Money also joined the party with a $9.9 million round in January to bolster its stablecoin payments platform. It’s a veritable gold rush! 🎰💵

Circle, the proud issuer of USDC and one of Conduit’s backers, is gearing up for a public debut, aiming to raise $624 million through an initial public offering, with dreams of a $6.71 billion valuation dancing in its head. The stage is set, and the spotlight is on! 🌟

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2025-05-28 21:05