FX payments startup OpenFX raises $94 million amid cross-border stablecoin push

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The capital raise, which was led by investors including Accel, Lightspeed Faction, M13, Northzone, and ‌Pantera, comes amid growing ⁠interest ⁠in using stablecoins to modernize cross-border payments and overcome high costs and transfer delays. The funding round ​values OpenFX at about $500 million, according to a person familiar with the matter.