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Stablecoin cross-border trading startup OpenFX completes $23 million financing, led by Accel.
OpenFX, a stablecoin cross-border trading startup, has closed a $23 million funding round led by Accel, a company founded by Prabhakar Reddy with the goal of replacing SWIFT and building a stablecoin-based cross-border trading network. OpenFX currently supports 7 currencies, including the US dollar, the euro, and the Mexican peso, with plans to expand to 10 currencies this summer, including the Southeast Asia region.