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Digital bank Fasset raised $51 million to expand its stablecoin-powered banking platform.
Fasset raised $51 million in Series B funding to expand its stablecoin-powered banking platform.
KEY POINTS
- Fasset operates across 50+ corridors in Asia, Africa, and the Middle East using stablecoins for remittances.
- The funding will support development of new lending and trade finance products for small businesses.
- Fasset now processes $32 billion annually and serves over 1,000 small and medium-sized businesses.
- Fasset partnered with Tether to launch a gold-backed neobanking card tied to tokenized assets.
COMPANIES
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