Stablecoin infrastructure company Conduit secures $36 million in funding round
Stablecoin Infrastructure Sector Experiences Rapid Growth in 2025
The stablecoin infrastructure sector is witnessing significant growth, institutional adoption, and increased regulatory maturity, positioning it as a core part of the global financial ecosystem.
Key highlights include the expanding adoption and infrastructure development, market growth, and strategic acquisitions and investments involving companies such as Conduit, OpenFX, BVNK, Iron, and Stripe.
Expanding Adoption & Infrastructure Development
Stablecoins, primarily USDT and USDC, now account for over 70% of on-chain transactional value, facilitated by multi-network deployments and integrations with advanced networks like the Bitcoin Lightning Network. This enables instant, low-cost, scalable payments worldwide, critical for sectors including e-commerce, gaming, and enterprise finance.
Market Growth & Funding Dynamics
The stablecoin market saw a dramatic rise in total supply, from $204 billion to $252 billion just in H1 2025, with monthly settlement volumes increasing 43% to $1.39 trillion. Despite this growth, scrutiny over security and regulatory compliance has intensified, driving demand for more secure infrastructure providers and compliance-focused platforms.
Strategic Acquisitions and Investments Involving Key Companies
- Conduit: The Boston-based cross border payments platform secured $36 million in Series A funding, led by Stripe Ventures. The funding will be used to expand Conduit's stablecoin-powered payment infrastructure. Conduit currently supports transactions across North America, Latin America, Europe, Africa, and Asia, with plans to expand further into Asian markets and strengthen its presence in Mexico.
- OpenFX: The FX and stablecoin payment settlement services provider secured $15 million in Series B funding from crypto and fintech VCs. The increased funding will be used to expand stablecoin-based FX infrastructure for institutional clients.
- BVNK: The B2B stablecoin firm secured a strategic investment from Iron, worth approximately $10 million. The partnership and investment aim to combine BVNK’s banking services with Iron’s custody and compliance tech.
- Iron: The risk management and compliance for stablecoins company acquired a stablecoin risk management startup in 2025. The acquisition aims to bolster secure issuance and operational risk monitoring of stablecoins across platforms.
- Stripe: The payment rails and developer tools for stablecoins company has been actively investing in and partnering with stablecoin infrastructure companies, including Conduit and others. Stripe’s growing stablecoin portfolio aligns with its ambitious roadmap to embed stablecoins into broader payment systems.
Industry Context
Stripe’s recent investments, including a lead role in Conduit’s Series A, indicate a strong push to provide merchants and developers with streamlined stablecoin payment options. Simultaneously, companies like BVNK and Iron are consolidating capabilities by aligning banking services and security, reflecting a sector-wide emphasis on compliance and operational resilience.
Regulatory and Security Landscape
The sector is navigating increasing regulation and operational risk, prompting investments in more sophisticated security frameworks and compliance solutions, as demonstrated by acquisitions and strategic partnerships among players like Iron and BVNK.
Overall Outlook
Stablecoin infrastructure is transitioning from experimental to foundational, supported by robust funding rounds, acquisitions, and integrations among key fintech and crypto service providers. The involvement of major investors like Stripe underscores confidence in stablecoins as scalable payment infrastructure for the global economy in 2025 and beyond.
- The growth in stablecoin adoption and infrastructure development has led to an increase in the use of stablecoins like USDT and USDC for instant, low-cost, scalable payments in sectors such as e-commerce, gaming, and enterprise finance.
- The impressive funding dynamics within the stablecoin industry are evidenced by investments in companies like Conduit, OpenFX, BVNK, Iron, and Stripe, with a focus on expanding stablecoin-powered payment infrastructure, enhancing compliance, and bolstering security measures.
