Stablecoin cross-border payment solution provider Higlobe has completed a $14 million financing round, led by Battery Ventures

Chain Catcher news, stablecoin cross-border payment solution provider Higlobe announced the completion of a $14 million financing round, led by Battery Ventures, with participation from TTV Capital, FjLabs, Reciprocal Ventures, Paxos, DCG, Raptor Group, and Gokul Rajaram.

It is reported that Higlobe uses stablecoins issued by companies regulated by U.S. federal or state agencies to provide zero-fee cross-border remittance services. These stablecoins are all backed 1:1 by U.S. dollars or U.S. government bonds, offering an efficient and cost-effective remittance method for remote workers worldwide. (Source link)