QED seeds $9.9M in Cedar Money, a stablecoin payment platform
- Cedar Money closed $9.9 million in seed funding led by QED Investors.
- The startup aims to improve cross-border payments using stablecoins.
- Cedar Money plans to scale its payment infrastructure to tackle inefficiencies in international payments.
Cedar Money's approach to leveraging stablecoins for cross-border payments presents a significant opportunity to disrupt traditional banking systems, especially in regions where inefficiencies are most pronounced. However, the startup must navigate complex regulatory landscapes and educate banks on the legitimacy of funds from emerging markets to fully realize its potential.
