Noah Secures $22 Million to Enhance Stablecoin Payments – Coincu

On June 10, stablecoin payment startup Noah announced a $22 million seed funding round led by venture capital firm LocalGlobe.

The investment will bolster Noah’s efforts to expand its stablecoin payment APIs across international markets, enabling transactions in 50 currencies.

Noah’s $22M Seed Round to Expand Global Reach

Noah’s stablecoin transaction platform secured a $22 million seed round with lead investments from LocalGlobe. Angel investors include Felix Capital, FJ Labs, and Palantir co-founder Joe Lonsdale. The extensive funding aims to expand payment solutions across 70 countries.

The startup’s $1 billion transaction volume highlights the potential for growth in emerging markets. This funding will drive innovative payment solutions by leveraging stablecoins, fostering faster cross-border transactions via decentralized networks.

While there are no official statements from major crypto influencers, industry insiders recognize the potential for stablecoin-driven innovation. CEO Shah Ramezani noted that the focus should be on building a strong network over technological advancements.

Stablecoins in Global Payments: Analysis and Potential Shifts

Did you know? The involvement of former Adyen executives in Noah could echo Adyen’s past success, potentially disrupting traditional payment networks.

According to CoinMarketCap, Tether USDt (USDT) maintains a price of $1.00 with a market cap of $155.18 billion. The 24-hour trading volume is approximately $98.11 billion, reflecting a 27.50% increase. These metrics indicate USDT’s stable presence in the market.

Coincu analysts suggest the integration of stablecoins in global payments could reshape financial infrastructures, possibly leading to regulatory shifts and heightened technological developments as stablecoin adoption becomes more widespread. President & Co-founder, Thijn Lamers, remarked, “Having seen Adyen’s growth firsthand, I recognize that stablecoins represent an even more profound shift. Traditional processors optimize within existing constraints. We’re eliminating those constraints entirely.”