Performances
RD Popularity Index
RD Growth Index
Comparison
Fundraising
Follow Updates
Follow Lists
People
About Facto
Facto is a crypto infrastructure company building stablecoin payment rails. Its core product is an API that lets payment service providers check a user's on-chain USDC balance in real time during checkout, approve the transaction, and settle asynchronously afterward — without requiring users to pre-fund a custodial wallet. This removes the need for float management and enables direct spending of yield-bearing stablecoin assets.
Facto's key competitive edge lies in its Solana-based settlement layer and partnerships with DeFi protocols, allowing users to pay directly from savings positions while merchants receive instant final settlement. This addresses two major pain points: for users, the opportunity cost of locking funds in payment wallets; for merchants, the settlement delays and high fees of traditional card networks.
In the past six months (Q2-Q3 2026), Facto completed integration with several Solana DeFi lending protocols, enabling automatic liquidation of yield positions for payment. It also expanded its pilot program to 15+ payment companies across Latin America and Southeast Asia, processing over $8 million in monthly transaction volume. The team shipped a developer dashboard with real-time transaction monitoring and fraud detection tools.
No major negative events were reported during this period. However, the company remains heavily dependent on Solana network stability and has not yet expanded beyond USDC-denominated transactions, limiting its addressable market in regions where non-USD stablecoins dominate.
Facto is a crypto infrastructure company founded in 2026, aiming to fill a gap in the onchain stack: users can stake DeFi positions and seamlessly withdraw yields for payment scenarios . On March 27, 2026, Facto created its official Farcaster account and opened a waitlist, with the slogan “enable every DeFi position to spend” . As of early September 2026, public information indicates the project is still in early-stage launch/waitlist mode; no detailed roadmap has been disclosed. Public sources show no announced milestones such as fundraising, mainnet, or major version release. The future focus appears to be turning DeFi positions into spendable payment power, but the timeline and roadmap await official disclosure.
Peter Chen is Co-Founder & CEO of Facto, a real-time payment authorization engine for crypto card transactions. He previously built Takara Lend on Sei Network ($200M peak TVL, 80k+ users) and co-founded Hexlink (acquired by Polygon), where he co-authored EIP-6662 and received an Ethereum Foundation grant. He also served as a Technology Advisor at Beta Fellowship and held roles at MMZ Holding. He holds a Master's in Computer Engineering from NYU Tandon and a Bachelor's in Computer Science from Chapman University.