xMoney Secures $21.5 Million in Strategic Funding, Led by Sui Foundation

BlockBeats News, September 30th, according to official sources, xMoney, a payment company that connects stablecoins with global commerce, announced today that it has completed a $21.5 million strategic financing round, led by the Sui Foundation. Leveraging its 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 contributors MultiversX and Sui, xMoney will fully explore the development opportunities in the emerging payment sector.

This financing round marks a critical step for xMoney, not only validating its competitive edge but also paving the way for future development—its native token, XMN, will debut for trading in early October.