PANews reported on July 1 that the financial technology company AllScale announced the completion of a $1.5 million financing round. Investors include DraperDragon, Amber Group, Y2Z Capital, KuCoin Ventures, etc. The funds will be used to develop stablecoin invoices, social e-commerce and payroll solutions. AllScale is committed to providing small and medium-sized enterprises with a one-stop stablecoin payment tool, lowering the threshold for use, and solving compliance and complex process issues. The founding team comes from well-known companies such as Kraken and Block, and its products support global fast payments, sales and payroll management.