Xmoney, the bridge between Stablecoins and Global Commerce, announced today that the SUI Foundation has led the round to raise $21.5 million in strategic funding. Raise has acquired Xmoney as a differentiated competitive advantage in the trillion dollar Stablecoin and Global Payments markets, with existing on-ramps via both Visa and Mastercard. With support from Xmoney’s original contributor, MultiversX, Xmoney is set up to drive targeted growth in its fastest emerging payment space.
Stablecoins already settle for more than $7 a year, but large-scale adoption requires compliant rails and available infrastructure. With PCI DSS Level 1 Certified, a fully MICA-compliant, licensed electronic money agency, and as a leading member of Visa and MasterCard, Xmoney offers the highest level of security and compliance. Its infrastructure currently serves more than 5,000 merchants around the world, including Liechtenstein, principalities of startups, institutions and global corporations.
MultiversX pioneered this vision early on and laid the foundation for compliant Stablecoin payments. With SUI’s investment and partnership, this collaboration will take a bigger stage, combining key technologies with a bold vision globally.
“We’re committed to providing a range of services to our customers,” said Greg Siourouunis, co-founder and CEO of Xmoney. “Multiversx and SUI bring unparalleled performance and security. Xmoney makes it available for payments anywhere.
The $7 trillion global payments and the Stablecoin market offer differentiated billions of dollars of dollars. Xmoney’s long-term vision is to expand adoption over the next five to ten years by expanding its product offerings, building new partnerships and deepening integration into the global financial ecosystem.
The funding round is a critical step for Xmoney, examining its competitive advantage and setting up future milestone stages including the first list of Native Tokens XMNs for early October. XMN unlocks great growth by direct consumer involvement through open governance, rewarding value creation, and capturing business values powering the flywheel back into the ecosystem.
Through buybacks, liquidity programs and value sharing mechanisms, XMN demand is continuously strengthened as a adoption scale. This design makes Xmoney a rare variety that offers users more opportunities than consumers. Become an active contributor and beneficiary of the emerging economic model set to shape the next era of global payments.
About Xmoney
Xmoney is building a global payment future with Stablecoins compliant. With her credentials as an EMI, a PCI DSS Level 1 certified provider, and Visa/Mastercard Principal Member, spanning debit cards, subscriptions, and infrastructure across border settlements, Xmoney will enable businesses and individuals to take advantage of the $7 trillion stubcoin economy. Find out more at Xmoney.com.
About the SUI Foundation
The SUI Foundation is a nonprofit organization dedicated to the advancement and recruitment of SUI. The SUI Foundation is responsible for events, programs and funding aimed at promoting the SUI ecosystem.
