The forex trading startup XFX, which supports stablecoins, has completed a $17 million financing round led by Castle Island Ventures

Foreign exchange trading startup XFX, which supports stablecoin trading, has completed a $17 million financing round, led by Castle Island Ventures, with participation from Haun Ventures and Coinbase Ventures.

Santiago Alvarado, co-founder and CEO of XFX, declined to disclose the valuation of the company in this financing round. It is reported that XFX currently allows customers to exchange between stablecoins and also permits the exchange of three fiat currencies: US dollars, Mexican pesos, and Colombian pesos.