Cedar Money secures $9.9 million to power cross-border payments with stablecoins
- Cedar Money announced a $9.9 million seed funding round.
- The investment was led by QED Investors with participation from multiple venture firms.
- The funding will help Cedar Money tackle slow settlement times in international money transfers.
Cedar Money's innovative approach to utilizing stablecoins for cross-border payments presents a significant opportunity to enhance the efficiency of international transactions, particularly in underserved markets. However, the success of their model will heavily depend on their ability to navigate complex regulatory environments and build robust compliance infrastructure.
