Conduit Raises $36M to Expand Stablecoin-Based Cross-Border Payments Beyond SWIFT

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 traditional 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 efficiently source: https://www.coindesk.com/business/2025/05/28/conduit-raises-36m-to-expand-stablecoin-based-cross-border-payments-beyond-swift