Stablecoin infrastructure company Conduit secures $36 million in funding round

Stablecoin infrastructure company Conduit secures $36 million in funding round

In the realm of global finance, 2025 marks a significant turning point as stablecoins emerge as key infrastructure for faster, cheaper, and more inclusive cross-border payments. This transformation is driven by increased adoption, regulatory clarity, and technological advancements.

Rapid Growth and Adoption

Stablecoin supply and usage have surged, with circulation doubling in the past 18 months and daily transaction volumes around $30 billion. Market analysts project that the stablecoin supply could grow from $230 billion in 2025 to $2 trillion by 2028.

Technological Maturity

Innovations in Layer 2 blockchain solutions and scalability are shifting focus beyond throughput towards enhanced user experience and interoperability. This evolution unlocks broader applications such as micropayments, supply chain finance, and remittances, especially benefiting emerging markets.

Regulatory Clarity

The US has established a landmark regulatory framework via the GENIUS Act, signed on July 18, 2025. This sets the first comprehensive federal rules for payment stablecoins, fostering legal certainty and encouraging institutional participation. The US framework aligns broadly with the EU’s MiCA but is somewhat more lenient, with implications for global market dynamics and regulatory divergence.

Integration with Mainstream Finance

Large payment networks like Visa and Mastercard are integrating stablecoins into their offerings, while major merchants such as Amazon and Walmart explore stablecoin usage to handle cash and card transactions outside traditional systems.

A New Player in the Game

One of the latest entrants in this evolving landscape is Conduit, a cross-border payments platform based in Boston. Conduit has secured $36 million in Series A funding, co-led by Dragonfly and Altos Ventures, with participation from Sound Ventures, Commerce Ventures, Circle Ventures, and other investors.

Conduit combines traditional banking rails with stablecoins for international transfers, operating across multiple payment rails, including USD denominated networks (SWIFT, ACH, FedWire) and local payment systems throughout Europe, the UK, and various countries like China, Hong Kong, Mexico, Brazil, Colombia, Nigeria, and Kenya.

The funding will be used to expand Conduit's stablecoin-powered payment infrastructure, with plans to expand further into Asian markets and strengthen its presence in Mexico. Conduit currently supports transactions in North America, Latin America, Europe, Africa, and Asia.

Conduit claims to have saved clients over $55 million in fees through its integrated approach to cross-border payments. The platform currently operates at an annualized run rate of $10 billion in payment volume and serves over 100 clients. Conduit maintains direct partnerships with two dozen banks globally, enabling faster settlement compared to traditional correspondent banking networks.

Continued Evolution

As the stablecoin landscape continues to evolve, it's clear that these digital assets are poised to disrupt traditional finance models, offering faster, cheaper, and more inclusive cross-border payment solutions. The integration of stablecoins into mainstream finance, coupled with regulatory clarity and technological advancements, promises a future where digital assets become an integral part of global finance.

[1] CoinDesk (2025). Stablecoin supply doubles as daily transaction volumes reach $30 billion. [Online] Available at: https://www.coindesk.com/business/2025/04/26/stablecoin-supply-doubles-as-daily-transaction-volumes-reach-30-billion/

[2] The Block (2025). Layer 2 solutions unlock stablecoin's potential for broader applications. [Online] Available at: https://www.theblockcrypto.com/post/118843/layer-2-solutions-unlock-stablecoins-potential-for-broader-applications

[3] Financial Times (2025). Stablecoins set to become key infrastructure for cross-border payments. [Online] Available at: https://www.ft.com/content/094e3192-515c-464f-9872-073022791e38

[4] Bloomberg (2025). US passes landmark stablecoin legislation, GENIUS Act. [Online] Available at: https://www.bloomberg.com/news/articles/2025-07-18/us-passes-landmark-stablecoin-legislation-genius-act

1. In the banking industry, the adoption of stablecoins is providing insights into a future where digital assets could integrate into traditional finance, as indicated by the rapid growth and increasing circulation of stablecoins.
2. As technological maturity in stablecoins advances with innovations such as Layer 2 solutions, the potential for applications like micropayments, supply chain finance, and remittances within the finance sector becomes apparent, particularly for emerging markets.
3. Regulatory clarity, such as the GENIUS Act in the US, encourages institutions to participate in the stablecoin market, creating a more stable and transparent environment for mainstream finance to adopt and work with these digital assets.

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