Cross-border Payments Usher in Innovation: FIN Project Secures $17 Million in Funding, Led by Pantera Capital

A stablecoin app called Fin, founded by former Citadel employees, recently raised $17 million in funding.

This round was led by top crypto investment firm Pantera Capital, with participation from Sequoia Capital and Samsung’s Samsung Next.

The app aims to leverage stablecoins to provide more efficient and low-cost solutions for large cross-border and domestic transfers. The app has not yet officially launched and plans to start a pilot among import and export industry enterprises next month.

01 Funding Trend: Leading Investors Bet on the New Stablecoin Payment Track

The crypto payments sector has received a major investment. In early December 2025, stablecoin app Fin announced it had successfully raised $17 million.

The funding lineup is impressive: led by Pantera Capital, renowned in crypto asset investment, with participation from traditional VC giant Sequoia Capital and Samsung’s innovation fund Samsung Next.

Notably, Fin’s core team comes from top market maker Citadel, providing a solid foundation in complex financial product design and liquidity management.

The funding news was reported by authoritative financial media such as Fortune and quickly attracted attention in both crypto and traditional finance circles. The choice of capital often signals the rise of a new sector.

02 Project Analysis: Financial Infrastructure Focused on Enterprise-Level Cross-Border Payments

Fin’s core positioning is clear—it serves scenarios involving large-scale cross-border and domestic fund transfers.

It primarily targets the pain points of traditional import/export trade: cumbersome, inefficient, and costly payment processes. By using stablecoins as the settlement medium, users can transfer funds to other Fin users, bank accounts, or crypto wallets.

The app promises operational simplicity and transaction speed, which are key advantages over traditional banking channels. Its revenue model mainly consists of transfer fees charged to users and interest generated from its stablecoin reserves.

Currently, Fin has not officially opened to the public. The project plans to launch a pilot among import/export enterprise clients in January 2026, signaling a deep focus on the B2B market where payment efficiency is paramount.

03 Market Context: Institutionalization Wave and Expansion of Stablecoin Applications

Fin’s emergence is no coincidence—it precisely aligns with two major market trends.

The crypto market is undergoing a profound “institutionalization” shift. Data shows that in 2025, about 67% of mainstream crypto funds come from institutions, with retail influence waning. Institutional money seeks compliance, stability, and efficiency—perfectly matching Fin’s enterprise-focused positioning.

Meanwhile, stablecoins are increasingly vital as the “settlement layer” of the crypto world. The total supply of mainstream stablecoins has reached a record $263 billion, with daily transfer volumes as high as $225 billion.

Behind these flows is the growing demand for cross-border trade and financial settlement. What Fin is building is essentially a dedicated expressway for this enormous pool of capital seeking better solutions.

04 Sector Outlook: Reshaping the Trillion-Dollar Cross-Border Payment Ecosystem

Cross-border payments are a trillion-dollar mega-market with significant pain points: lengthy processes, high fees, and low transparency. The “stablecoin + dedicated payment app” model represented by Fin is starting to challenge this traditional system from the edges.

Compared to traditional wire transfers, blockchain-based stablecoin payments can achieve near-instant settlement with potentially much lower fees. For import/export companies with large, frequent transactions, this means considerable cost savings and improved capital efficiency.

More profoundly, such applications are transforming crypto assets from speculative trading tools into practical financial infrastructure. When enterprises begin to routinely use USDC, USDT, and other stablecoins for daily settlements, true “mass adoption” of crypto will finally materialize.

This explains why institutions like Pantera Capital and Sequoia are betting on this space. They see not just a payments app, but a new entry point that could penetrate and integrate with the core of traditional finance.

05 Gate Ecosystem: Exploring Related Assets

For users on Gate looking to follow this cutting-edge payments track, understanding asset correlation is crucial. It should be noted that the “Fin” project that just completed funding has no direct relation to other token assets on the Gate platform with similar names such as FINS, FINE, or FIN—they are different projects with similar names.

On global trading platforms like Gate, users can access assets and opportunities related to “stablecoins” and “payments” in various ways.

Mainstream stablecoins (like USDT, USDC) are foundational trading pairs, and tokens from blockchain projects focused on payments and remittances may also be listed for trading.

Gate’s own community features, such as Gate Square, provide users with social spaces to track industry news and discover potential projects.

Future Outlook

As the FIN project team prepares for next month’s pilot, the transformation of cross-border payments is quietly accelerating. Glassnode data shows that the Bitcoin network settled about $6.9 trillion in value over the past 90 days—a scale comparable to traditional payments giants like Visa and Mastercard.

The $17 million invested by Pantera Capital and Sequoia is more than just funding an app. It’s more like a key attempting to open a door—behind which are traditional import/export traders, multinational enterprises, and even central banks, all of whom may one day transfer value silently and efficiently over a track paved by stablecoins.