Stablecoin payments startup Coinflow has raised $25 million in a Series A round led by Pantera Capital, as it moves to scale its global payout network and challenge legacy cross-border systems. The Chicago, Illinois-based firm has grown revenue 23-fold since 2024 and now supports stablecoin-powered payments in over 170 countries, it said in an announcement on Thursday. Other backers in the round include Coinbase Ventures, CMT Digital, Jump Capital and The Fintech Fund. Accepting stablecoin payments could allow merchants to receive funds without the input of as many financial service intermediaries and with lower transaction costs. They may therefore look to providers who offer the kind of service they would see when accepting traditional payments. Coinflow, which says it processes multi-billion-dollar annal transaction volume, provides infrastructure for businesses to accept and send money globally using stablecoins like USDC. The platform includes instant settlement, chargeback protection, and artificial intelligence (AI)-driven fraud prevention. The new capital will help Coinflow expand payout coverage in Asia and Latin America, hire across the U.S. and Europe, and improve transaction approval rates, which the firm says can directly drive merchant growth. “Payment systems are still stuck in a patchwork of local networks, riddled with delays, fraud, and unnecessary costs,” said Daniel Lev, Coinflow’s CEO and co-founder. Read More: Bolt Embraces Stablecoin Payments for Global Marketplaces as Digital Dollar Race Heats Up