Stablecoin cross-border trading startup OpenFX completes $23 million financing, led by Accel

stablecoin cross-border trading startup OpenFX announced the completion of a $23 million financing, led by Accel. The company was founded by Prabhakar Reddy, with the goal of replacing SWIFT and creating a cross-border trading network based on stablecoins. OpenFX currently supports 7 currencies, including the US dollar, euro, and Mexican peso, and plans to expand to 10 currencies, including the Southeast Asian region, this summer.