Stablecoin cross-border trading company OpenFX completes $23 million financing, led by Accel

ChainCatcher news, according to Fortune, stablecoin cross-border trading startup OpenFX announced the completion of a $23 million financing round, led by Accel. The company was founded by Prabhakar Reddy, with the goal of replacing SWIFT and creating a cross-border trading network based on stablecoins.

OpenFX currently supports 7 currencies, including the US dollar, euro, and Mexican peso, and plans to expand to 10 currencies this summer, including those in Southeast Asia.