Stablecoin-enabled payments infrastructure platform Zynk raises $5 million from Coinbase Ventures and others

Zynk, a stablecoin-enabled cross-border payments infrastructure platform that facilitates instant settlements without requiring pre-funding, has successfully raised $5 million in a seed funding round. The round was led by Hivemind Capital, with participation from Coinbase Ventures, Alliance DAO, and others, structured as a SAFE and completed in August.

The capital infusion will be used to expand Zynk's corridor coverage, enhance liquidity and technology infrastructure, and build global partnerships. Zynk integrates both fiat and stablecoin settlements, allowing Web2 and Web3 payment companies to enter new markets instantly by embedding liquidity directly into its network. This model eliminates the need for payment firms to pre-fund local bank accounts, thereby freeing up capital and reducing settlement costs.

Since its quiet launch in April, Zynk has reported 70% month-over-month growth. The platform currently supports instant, cross-border settlement across corridors including USD, EUR, AED, INR, MXN, and PHP, aiming to make liquidity as mobile as data.

(Source：The Block)