Japanese giant SBI steps in: stablecoin new bank Fasset’s valuation jumps to $100 million
The stablecoin space has once again seen fresh funding. Singapore’s stablecoin new bank, Fasset, has completed a $68 million Series C round, led by Japan’s financial conglomerate SBI Group. The valuation has directly reached $100 million, adding yet another member to the unicorn club.
What does Fasset do? It provides stablecoin payments and cross-border remittances, targeting emerging markets. It enables people without bank accounts to complete international transfers using only a mobile phone—this positioning hits one of the most attractive real-world use cases for stablecoins.
Why did SBI invest? This Japanese giant has always been aggressive in the crypto space—buying exchanges, mining companies, and stablecoin projects along the way. This investment in Fasset clearly signals strong confidence in the stablecoin payment opportunity in emerging markets.
A $100 million valuation. For a crypto company focused on payments, it reflects the capital markets’ stance. Stablecoins are no longer a side project in the coin world; they’re an independent track with their own valuation framework.
Now the stablecoin landscape is becoming increasingly clear: at the top are Circle and Tether, and in the middle are various payment newcomers connecting with banks and card networks. The entire ecosystem is shifting from “tools for trading coins” to “financial infrastructure.”
For us, the busier the stablecoin track becomes, the more funds are recognizing it. As payment scenarios expand across the board, the potential market-cap ceiling for stablecoins may be far beyond what anyone imagined.
Every day I’ll bring you the latest stablecoin hot topics—not just what news breaks, but also the logic and opportunities behind it 👀🚀
Click the link below to follow me👇🏻加入小恐龙粉丝群
#stablecoin #Fasset #financing
The stablecoin space has once again seen fresh funding. Singapore’s stablecoin new bank, Fasset, has completed a $68 million Series C round, led by Japan’s financial conglomerate SBI Group. The valuation has directly reached $100 million, adding yet another member to the unicorn club.
What does Fasset do? It provides stablecoin payments and cross-border remittances, targeting emerging markets. It enables people without bank accounts to complete international transfers using only a mobile phone—this positioning hits one of the most attractive real-world use cases for stablecoins.
Why did SBI invest? This Japanese giant has always been aggressive in the crypto space—buying exchanges, mining companies, and stablecoin projects along the way. This investment in Fasset clearly signals strong confidence in the stablecoin payment opportunity in emerging markets.
A $100 million valuation. For a crypto company focused on payments, it reflects the capital markets’ stance. Stablecoins are no longer a side project in the coin world; they’re an independent track with their own valuation framework.
Now the stablecoin landscape is becoming increasingly clear: at the top are Circle and Tether, and in the middle are various payment newcomers connecting with banks and card networks. The entire ecosystem is shifting from “tools for trading coins” to “financial infrastructure.”
For us, the busier the stablecoin track becomes, the more funds are recognizing it. As payment scenarios expand across the board, the potential market-cap ceiling for stablecoins may be far beyond what anyone imagined.
Every day I’ll bring you the latest stablecoin hot topics—not just what news breaks, but also the logic and opportunities behind it 👀🚀
Click the link below to follow me👇🏻加入小恐龙粉丝群
#stablecoin #Fasset #financing
