Payment company xMoney completes $21.5 million strategic financing, led by Sui Foundation
ChainCatcher news, according to Be In Crypto, the payment company xMoney, which connects stablecoins with global commerce, announced today the completion of a $21.5 million strategic financing round, led by the Sui Foundation.
With existing Visa and Mastercard payment channels, xMoney will establish a differentiated competitive advantage in the multi-trillion-dollar stablecoin and global payments market. With dual support from original contributors MultiversX and Sui, xMoney will fully expand opportunities in the emerging payments sector. This round of financing marks a key step forward for xMoney, not only validating its competitive edge but also paving the way for future development—its native token XMN will be listed for trading for the first time in early October.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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