Bullish
Stablecoin Neobank Fasset Hits $1B Valuation as SBI Backs Global Payments Expansion
24.08.2026 07:48
Fasset, a stablecoin-focused neobank, has achieved a $1 billion valuation following strategic backing from Japanese financial giant SBI Holdings. The investment underscores growing institutional confidence in stablecoin-based payment infrastructure. Fasset plans to leverage SBI's support to accelerate its cross-border payments network, targeting emerging markets with low-cost, blockchain-enabled financial services. The funding round positions Fasset among the leading fintech firms bridging traditional banking and digital assets, with a particular emphasis on stablecoin utility for remittances and merchant payments.
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