World · Institutional · Japan ·
SBI leads $68M funding round in stablecoin payments platform Fasset
Stablecoin neobank Fasset raised $68 million in a Series C led by SBI Group, reaching a $1 billion valuation. The funding supports plans to launch a digital bank in Malaysia and expand stablecoin payment capabilities.
Why it matters for the crypto market
Reflects institutional backing for stablecoin infrastructure in Asia and signals confidence in payments-focused crypto adoption beyond trading.
Source: CoinDesk
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