Stablecoin cross-border trading company OpenFX completes $23 million financing, led by Accel

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According to Fortune, as reported by ChainCatcher, the cross-border stablecoin trading startup OpenFX has announced the completion of a $23 million funding round, led by Accel. The company was founded by Prabhakar Reddy, with the goal of replacing SWIFT and building a cross-border trading network based on stablecoins.

OpenFX currently supports 7 currencies, including the US dollar, euro, and Mexican peso, and plans to expand to 10 currencies by this summer, including those in Southeast Asia.

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