Stablecoin Startups Seek Fresh Cash Amid Crypto Payments Frenzy

Stablecoins are suddenly all the rage, as crypto investors and founders tout how the tokens can transform sending money internationally.

At least three startups that focus on international payments are seeking fresh funding, according to people familiar with the companies, emboldened in part by Stripe’s recent deal to acquire stablecoin startup Bridge for more than $1 billion. All three have figured out a way to allow users around the world to get access to the U.S. banking system and dollar-denominated funds through crypto.