Conduit has completed a $36 million Series A funding round, with Dragonfly Capital as the lead investor.

BlockBeats News, on May 28, stablecoin company Conduit completed a $36 million Series A funding round, led by Dragonfly Capital, with participation from Sound Ventures, Altos Ventures, DCG, and Commerce Ventures. Following this Series A funding round, Conduit's total funding reached $53 million. The company did not disclose the valuation of this round of funding.