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Stablecoin payment company NALA announced that it has secured $50 million in credit financing
SvmuuPlanetary News reports that stablecoin payment company NALA has announced that it has secured a $50 million credit line from Liquidity through its joint venture with Japan's Mitsubishi UFJ Bank (MUFG), Mars Growth Capital. Its early backers include Robinhood co-founder Vlad Tenev, Acrew Capital, DST Global, and others. The new funds will be used to develop a stablecoin payment infrastructure, with a key focus on supporting its cross-border payment expansion in markets such as Asia. This includes providing real-time payments and collections based on stablecoins, as well as prefunding and treasury management services. (Techfundingnews)
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