OpenFX, a cross-border stablecoin trading, completes US$23 million in financing, with Accel leading the investment
According to online reports, OpenFX, a cross-border trading startup for stablecoins, announced that it has completed a US$23 million financing, led by Accel. The company was founded by Prabhakar Reddy and its goal is to replace SWIFT and build a cross-border trading network based on stablecoins. OpenFX currently supports seven currencies, including the U.S. dollar, euro and Mexican peso, and plans to expand to 10 currencies this summer, including Southeast Asia.
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