According to Foresight News, stablecoin payment application Sling Money has successfully raised $15 million in a Series A funding round. The round was led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Previously, Sling Money had also secured $5 million in seed funding, led by Ribbit Capital with participation from Slow Ventures.

Sling Money integrates stablecoin technology with a user-friendly interface and seamlessly connects with fiat payment systems. This combination aims to facilitate more efficient and cost-effective global money transfers.