Paradigm leads $9M investment in LatAm payments app El Dorado

World Liberty Financial’s USD1 stablecoin has reportedly appeared in a high-profile UFC performance-bonus payout.

Paradigm has led a roughly $9 million round in El Dorado, the stablecoin-powered payments app that has signed up more than a million users across Latin America. The bet extends the venture firm's push into dollar-rails for emerging markets.

The Layer 1's gasless stablecoin design pushed transfer throughput to nearly $65 billion since June 10, recasting Sui as a fee-free settlement rail for institutional and agentic payments.

The merger could accelerate stablecoin adoption in payments, offering regulatory legitimacy and cost advantages in cross-border transactions. The post Nuvei to acquire Payoneer Global for $2.75 billion in all-cash deal appeared first on Crypto Briefing.

The SMYRTOS incident may prompt stricter global regulations on stablecoin transactions, impacting crypto markets and cross-border payments. The post UK detains SMYRTOS tanker linked to Russia’s shadow fleet, exposing stablecoin salary payments to crew appeared first on Crypto Briefing.

Paradigm has led a $9 million Series A funding round for Latin American payments platform El Dorado as the company expands stablecoin-powered cross-border transfers across underserved markets in the region. According to a June 15 announcement from Paradigm, the investment…

Rain's loyalty platform on Avalanche Card could redefine stablecoin spending by bridging crypto and traditional rewards, impacting user adoption. The post Rain Rewards launches loyalty platform on Avalanche Card, bringing cash back and travel perks to stablecoin spending appeared first on Crypto Briefing.

The article was updated with a quote from Early Warning Services CEO Cameron Fowler. Zelle operator Early Warning Services has announced plans to launch cross-border remittances to India and has introduced a U.S. dollar-backed stablecoin as part of its international…