Conduit Raises $ 36m to Expand Stablecoin-Based Cross-Border Payments Beyond Swift

Stablecoins are One of the Fastest-Growing Sectors in Crypto and An IncreASINGly Popular Tool for Global Payments, Attracting Interest from Venture Capital Investments.Updated May 28, 2025, 1:42 pm PUBLISHED MAY 28, 2025, 1:36 PM

Conduit, A Cross-Border Payments Firm that Uses Stablecoins, Has Raised $ 36 Million in a Series a Round to Expand ITS Global Payment Rails, The Company Said on Wednesday. The Round Was Led by Dragonfly and Altos Ventures, With Backing From Circle Ventures and Digital Currency Group Among Others.

Founded in 2021, The Boston-Based Startup Offers Real-Time Payments that Blend Crypto Infrastructure with Tradition Finance Systems. ITS PLATFORM SUPPORTS Both Stablecoins and Local Fiat Currencies, Helping Businesses in Markets with Limited Dollar Access or Unstable Currencies Move Money More Efficient.

The FIRM CLAIMS THAT CLIENTS HAVE SAVED OVER 60,000 HOURS IN SETTLEMENT TIME AND AVOIDED MORE THAN $ 55 MILLION IN FEES.

Stablecoins are One of the Fastest-Growing Sectors in Crypto, and An IncreASINGly Attractive Torget for Venture Capital Investments. With their prices anchored to an external asset, predominal to the US dollar, they serve as a key piece of infrastructure for digital asset. They are also increASINGLY POPULAR VEHICLE FOR PAYments, Savings and Remittans, Especialy in Developing Countries, As a Cheaper and Speedier ALTERNATIVE TO Traditional Banking Rails.

Conduit Says the Funding Will Help It Grow Its Footprint in Asia, Mexico and Other Parts of the World. Rob Hadick of Dragonfly Capital Will Join Conduit’s Board As Part of the Deal.

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