TechFlow news, Arf, a stablecoin cross-border payment network, has raised $13 million in funding led by Circle Ventures, Stellar Development Foundation (SDF), United Overseas Bank (UOB) Venture Management, Signum Capital, Hard Yaka, NGC Ventures, Blockchain Founders Fund, 500 Emerging Europe, and investors from Coinbase, Solana, FTX, and Kabbage. The new capital will be used to develop its blockchain-based technology to provide global treasury management and working capital credit lines for financial institutions and licensed money service businesses operating in the cross-border payments industry.
Previously reported, Arf launched its USDC-based short-term working capital credit service "Arf Credit" in April this year. [Source link](https://finance.yahoo.com/news/arf-raises-13m-investors-including-003500839.html)
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