Diameter Pay Raises $10 Million to Expand Stablecoin Payments Infrastructure

Diameter Pay, a stablecoin payments infrastructure provider, has raised $10 million in a Series A funding round to expand its banking, payments, and digital asset capabilities. The round, led by CMT Digital and Lightspeed Faction, was co-led by SixThirty Ventures, Stellar Development Foundation, Tech Council Ventures, Onigiri Capital, and BitRock Capital.

This marks Diameter Pay's first outside funding round, with the company bootstrapped before the Series A. The funds will be used to enhance its banking and payment capabilities, deepen its stablecoin and foreign exchange infrastructure, and invest in technology and compliance tools for cross-border dollar movement. Diameter Pay's platform provides access to U.S. dollar virtual accounts, domestic and international payment rails, stablecoin on- and off-ramps, and compliance controls through U.S. banking partners.

The company has processed over $10 billion in payment volume this year and has partnerships with several sponsor banks, including Portage Bank and SSB Bank.

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