ChainCatcher News, the cross-border payment service provider based on stablecoins, Juicyway, announced the completion of a $3 million Pre-Seed funding round, with participation from P1 Ventures, Ventures Platform Fund, and Future Africa.

Juicyway primarily utilizes stablecoins and cryptocurrencies to simplify cross-border settlements by bypassing traditional intermediaries and reducing transaction latency. The new funds are intended to support its provision of accessible quasi-banking and crypto wallet services, enabling seamless deposit and withdrawal services with stablecoins acting as a bridge, promoting instant settlements and reducing reliance on highly volatile currencies.