Stablecoin payments startup Hifi raises $37M

What's the deal? HiFi BridgeDealroom has a profile for this one. Try Dealroom →, which helps businesses move money between bank accounts and stablecoins, has raised $37 million in total funding, chief executive officer Zach Walsh told Axios ProDealroom has a profile for this one. Try Dealroom →.

What's the endgame? The startup wants to bridge traditional banking and stablecoins, letting companies collect money through bank accounts and pay recipients in local currency.

Why it matters: Payment companies using stablecoins across borders still need to collect and disburse funds through the traditional banking system. Hifi positions itself at that connection point.

The signal: Stablecoins are moving from crypto trading into mainstream cross-border payments, and startups like Hifi are building the plumbing between the two worlds.

Image credit: Banco Central de Chile