Diameter Pay raises $10M to scale stablecoin payments for institutions

What's the deal? Diameter Pay has raised $10 million in a Series A round led by CMT Digital and Lightspeed FactionDealroom has a profile for this one. Try Dealroom →. The startup provides institutional clients with USD accounts, payment channels, and stablecoin deposit and withdrawal channels.

By the numbers: Diameter Pay has processed over $10 billion in cumulative payments this year.

What's the endgame? The company is building payment infrastructure that bridges traditional USD accounts with stablecoin rails for institutional users. Its offering lets clients move funds in and out of stablecoins alongside conventional payment channels.

The signal: Investor appetite for stablecoin payment infrastructure continues to grow as institutions look for faster settlement and cheaper cross-border transfers. Diameter Pay's payment volume suggests demand is already there — and backers are betting the market expands from here.

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