OpenTrade Raises $17 Million to Meet Stablecoin Infrastructure Demand

Stablecoin infrastructure platform OpenTrade has raised $17 million in new funding. The strategic round brings the U.K.-based startup’s total funding to more than $30 million and gives OpenTrade “the runway to scale at the pace the market is demanding,” as the company said in a post on LinkedIn Wednesday (May 6). Mercury Fund and Notion Capital led the round, with participation from a16z crypto , AlbionVC and CMCC Global .