Standard Economics has successfully completed a seed funding round, raising $9 million to create an innovative payment application based on stablecoins. The main investor was the venture capital firm Paradigm, along with participation from Lightspeed and several private investors.
This is reported by Business • Media
Project Goals and Features of the Future Application
The funds raised will be directed by the Standard Economics team towards developing a scalable and secure platform that will enable transactions using stablecoins. This approach aims to make digital payments accessible to a wide range of users, including representatives of small businesses. The primary goal of the startup is to simplify the process of settlements and ensure the stability of the digital economy through the use of stablecoins.
Development Priorities and User Experience
The company emphasizes the importance of an intuitive interface and maximizing the ease of use of the platform, even for individuals who have not previously dealt with cryptocurrencies. Additionally, the funding will accelerate product development and implement all necessary features for convenient and secure transactions.
The company believes that stablecoins can become the foundation of a stable digital economy.
It is worth noting that recently another project in the fintech sector — Pieverse — raised $7 million to develop payment and compliance infrastructure for Web3.