Stablecoin infrastructure provider HIFI has secured $37 million in a Series A funding round led by Left Lane Capital, as the use of stablecoins for payments and cross-border transactions accelerates despite ongoing volatility in the wider crypto market.
Cross-border stablecoin flows surge
According to data from Chainalysis, cross-border stablecoin flows increased 77.5% to $220.3 billion in the 12 months ending June 2026, even as the overall crypto market contracted by more than a third during the same period. This trend underscores growing global interest in stablecoin-based transfers, particularly for international payments where traditional rails may pose delays and higher costs.
HIFI CEO Zach Walsh stated that this Series A round marks the company’s first priced fundraising. Although the firm did not disclose its current valuation, Walsh reported that HIFI is processing about $7 billion in annualized volume directly through its platform.
HIFI enables customers to move dollars into and out of stablecoins, facilitate payouts via US banking rails and cards, and settle dollar-denominated tokenized repo and Treasury transactions.
The demand for reliable stablecoin infrastructure has grown as more payments and financial assets shift onto blockchains, increasing the need for seamless connectivity between digital assets and the traditional banking sector.
Industry participation grows
Major financial institutions, including Visa and the Depository Trust & Clearing Corporation (DTCC), have initiated or expanded blockchain-based financial infrastructure solutions. In July, DTCC conducted production trades using tokenized securities across several market segments, such as US Treasury and repo settlement, equity transactions, and collateral management. HIFI participated in these transactions alongside over 30 firms, including BlackRock, Goldman Sachs, and Nasdaq.
These pilot transactions utilized assets held at the Depository Trust Company, converting them into tokenized representations for delivery-versus-payment trades and other functions. DTCC has announced plans to launch its Tokenization Service in October, which is expected to further advance the adoption of tokenized financial infrastructure.
HIFI expands stablecoin payout options
HIFI has also expanded its services to include card-based payouts in partnership with Visa Direct. Through its platform, customers can convert USDC and transfer the proceeds directly to eligible Visa debit and credit cards worldwide. This development reflects Visa’s ongoing efforts to incorporate stablecoin capabilities into its payments network.
Visa reported that during its fiscal second quarter, more than 160 stablecoin-linked card programs were active globally. Payment volume for these programs nearly tripled year over year, reflecting surging adoption of stablecoin-based solutions for retail and commercial payments.
Visa stated that its stablecoin settlement volume had surpassed a $20 billion annualized run rate, over 15 times higher than the prior year’s figure.
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