According to BlockBeats, on July 15, the fintech company Caliza completed a $8.5 million financing, led by Initialized. Caliza provides APIs and front-end payment systems that use the crypto stablecoin USDC and real-time payment networks to enable instant transfers and provide U.S. digital dollar accounts for international merchants.

The startup declined to name its clients but said they are mainly banks or fintech companies looking to support international transactions, as well as individuals who need functions such as remittances and payroll.

Currently, Caliza’s team of ten is mostly based in Brazil, and with the new funding, the company plans to double its headcount and move forward with its previously announced local launch plans.