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About Dragonfly

https://dragonfly.xyz/

About Dragonfly

A cross-border crypto venture fund. Global from day one.

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Conduit Raises $36 Million Series A to Scale Use of Stablecoins for Cross-Border Payments

May 30 2025

Conduit, a leading cross-border payments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. The round was co-led by Dragonfly and Altos Ventures, with participation from Sound Ventures, Commerce Ventures, DCG, Circle Ventures (the issuer of the USDC stablecoin) and existing investors Helios Digital Ventures, and Portage Ventures.

Rob Hadick