Stablecoin Payment Infrastructure Firm Diameter Pay Raises $10 Million in Series A

Diameter Pay, a startup focused on stablecoin payment infrastructure, has secured $10 million in a Series A funding round co-led by CMT Digital and Lightspeed Faction. The company reported that it has processed over $10 billion in payments this year by facilitating institutional access to USD accounts, payment rails, and stablecoin on-ramps and off-ramps.