Stablecoin payments infrastructure startup Diameter Pay raises $10M Series A led by CMT Digital and Lightspeed Faction.
DeFi & Yields ·
Diameter Pay, a stablecoin payments infrastructure platform, has closed a $10 million Series A funding round. The round was co-led by CMT Digital and Lightspeed Faction.
The capital injection underscores investor interest in stablecoin-based payment rails as an alternative to traditional settlement layers. Diameter Pay positions itself within the infrastructure layer connecting merchants and payment flows to blockchain-based settlement mechanisms.
The names and size of any other participating investors have not been disclosed. Details regarding the use of proceeds and a timeline for product milestones remain unspecified.