Fasset Hits $1B Valuation After $68M Raise Backed by SBI

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Stablecoin neobank Fasset has achieved a $1 billion valuation following a $68 million funding round. Japanese financial giant SBI is among the backers supporting the company's payments expansion. The firm's revenue has grown six-fold, driven by increasing adoption of stablecoin payments and settlement services. CEO Mohammad Raafi Hossain shared the details of the milestone with CoinDesk.

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