The Stellar Development Foundation invested $3 million in Settle Network, a LATAM-based stablecoin settlement platform. The investment, SDF's fourth enterprise fund allocation in 2020, will support Settle's expansion of fiat-to-crypto services and StableX, the world's first stablecoin exchange.
The Stellar Development Foundation announced a $3 million strategic investment in Settle Network, a digital assets settlement platform serving Latin America. The funding, paid in lumens, marks SDF's fourth enterprise fund investment in fiscal 2020, bringing total allocations to $9.265 million. Settle Network provides fiat-to-crypto on-ramps, stablecoin issuance, and payment processing, with particular strength in Argentina. The investment supports the launch of StableX, described as the world's first stablecoin exchange, and positions Settle to capitalize on growing stablecoin demand across LATAM and international remittances.
