PANews reported on August 7 that the stablecoin payment infrastructure Blindpay announced the completion of a US$3.3 million seed round of financing. Investors include Y Combinator, 468 Capital, Bitso, Transpose VC, Acacia Venture Capital Partners, and angel investors Jawed Karim (co-founder of YouTube), Raphael Dyxklay and Caetano Lacerda (co-founder of Barte).

The company is committed to building a better global payment infrastructure through stablecoins, providing businesses with tools for cross-border transfers, compliance management, and quick opening of virtual US accounts. All functions are implemented through an API designed specifically for developers.

By 2025, Blindpay had processed over $125 million in transfers, with $46 million processed in July alone.