Conduit Secures $36M Series A to Revolutionize Cross-Border Payments with Stablecoins

Conduit, a Boston-based fintech startup, has raised $36 million in a Series A funding round led by Dragonfly and Altos Ventures, with participation from Circle Ventures and Digital Currency Group. The company aims to expand its stablecoin-powered cross-border payment solutions as an alternative to traditional systems like SWIFT.

Founded in 2021, Conduit bridges crypto infrastructure with conventional finance, offering real-time settlements in both stablecoins and local fiat currencies. The platform has reportedly saved clients 60,000 hours in settlement time and $55 million in fees, particularly benefiting businesses in emerging markets with dollar liquidity challenges.

Stablecoins continue to attract venture capital as they cement their role in digital asset trading and global remittances. Their dollar-pegged stability offers developing economies a faster, cheaper alternative to conventional banking channels. Conduit plans to deploy the fresh capital toward Asian and Latin American expansion, with Dragonfly’s Rob Hadick joining its board.