In April, stablecoin firm Cap raised $11 million in seed funding, while Plasma secured $24 million in February. Startup Cedar Money also closed a $9.9 million round in January to support its stablecoin payments platform.
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Conduit raises $36M for stablecoin, fiat cross-border payment network
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Venture capital firms have increasingly backed stablecoin infrastructure startups in 2025, with several rounds closed in recent months including Cap, Plasma and Cedar Money
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