Fintech company CFX Labs revealed on Wednesday that it has closed a $9.5 million seed round to expand the global reach of its Solana blockchain-based stablecoin payments and remittance network. The round was oversubscribed, with participation from Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust. CFX Labs’ payment network allows users to make fiat dollar transfers in multiple countries through a proprietary stablecoin, fxUSD. CFX Labs plans to reach 1.2 billion people by the second quarter of 2024 (CoinDesk)