Tether and CMCC Global’s Titan Fund have invested in Saber Money, a company specializing in international stablecoin payments. The funding, announced on October 14 without disclosure of the amount or ownership stake, will fuel Saber’s expansion across Asia-Pacific and the Gulf countries. The company plans to secure local licenses and banking partnerships to grow its business payments segment. In the past nine months, Saber reports that its payment volumes grew more than six times, with billions of dollars processed across over 40 countries and more than 90% of payments completed in under one minute, though these figures are self-reported.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
