Payment company xMoney completes $21.5 million strategic financing, led by the Sui Foundation

according to Be In Crypto, the payment company xMoney, which connects stablecoins with global commerce, announced today the completion of a $21.5 million strategic financing round, led by the Sui Foundation.

With existing Visa and Mastercard payment channels, xMoney will establish a differentiated competitive advantage in the multi-trillion dollar stablecoin and global payment market. With the dual support of original contributor MultiversX and Sui, xMoney will fully expand development opportunities in the emerging payment sector. This financing round marks a key step for xMoney, not only validating its competitive advantage but also paving the way for future development—its native token XMN will be listed for trading for the first time in early October.