Fasset Reaches $1 Billion Valuation After $68 Million Raise
Stablecoin-focused neobank Fasset has reached a $1 billion valuation after raising $68 million. SBI is backing Fasset's payments push as stablecoin payments and settlement continue to expand. Fasset CEO Mohammad Raafi Hossain told CoinDesk that the company's revenue has grown six-fold. People in Somalia and the Somali diaspora following digital finance may watch how stablecoin services continue to expand in cross-border payments and settlement.
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