Loop Crypto Secures Strategic Funding Led by VanEck and Fabric Ventures

Stablecoin payments processor Loop crypto has raised a strategic funding round co-led by VanEck and Fabric Ventures, bringing its total funding to $6 million. While the specifics of the latest round remain undisclosed, the move underscores growing institutional confidence in stablecoin infrastructure.

Co-founders Eleni Steinman and Shane van Coller highlighted the unexpected surge in stablecoin adoption, with Steinman pointing to Stripe's acquisition of Bridge as validation for crypto payment rails. "Stablecoins offer faster, cheaper, and inherently global transactions," she noted, emphasizing their competitive edge over traditional systems.

VanEck's Wyatt Lonergan framed stablecoins as disruptive to legacy banking intermediaries: "When funds MOVE instantly, the old winners become losers. Merchants gain direct access to capital while users unlock programmable money features." Loop's technology enables businesses to accept stablecoin payments seamlessly, including subscription billing functionality.