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QED Investors has invested $9.9 million in Cedar Money, a stablecoin payment platform aimed at enhancing cross-border transactions. The funding round was led by QED Investors and NWischoff, marking Cedar Money's emergence from stealth mode as it seeks to capitalize on the growing adoption of stablecoins. Cedar Money is part of a broader trend of startups leveraging stablecoins to create faster and more cost-effective financial solutions compared to traditional banking systems. The investment highlights the increasing interest in fintech innovations that address the needs of business-to-business applications in the global market.
Stablecoin payments platform Cedar Money raises $9.9m https://t.co/XI9mKHyYtS
Was fortunate to make an early bet in Cedar nearly two years ago. They are finally coming out of stealth as stablecoin adoption is rapidly accelerating. Huge tailwinds and a large need for cross-border b2b applications. One to watch. https://t.co/pETYaIsyYs
Some stablecoin news: Global fintech VC @QEDInvestors and @NWischoff seed $9.9M in fintech Cedar Money. Cedar Money joins a growing list of startups using stablecoins to build solutions that work faster and often cheaper than classic financial rails. https://t.co/Y38wkRvM38