Stablecoin services startup Meld is moving to build a global digital asset network, aiming to solve a problem that arises when companies try to process employee payroll or payments in stablecoins across multiple countries, where different service providers in each country create difficulties.
Fortune recently reported that Meld is positioning itself as a one-stop network that allows companies and individuals to buy and settle various digital assets worldwide, including stablecoins, bitcoin and ether.
Since launching in 2024, Meld has worked with more than 50 partners such as Yellow Card and Onmeta, and is expanding with a goal of supporting more than 180 countries and over 150 fiat currencies, the company explained.
The Meld network covers various use cases such as remittances and global payroll. It is building a partnership model similar to Visa's approach of providing payment last-mile services through partnerships with banks worldwide, Fortune reported.
Meld has also raised $7 million in a funding round led by Lightspeed Faction.
The company said Meld generates revenue through transaction fees. It expects at least 4 times growth from last year.
Chi-gyu Hwang
delight@d-today.co.kr