Mars Finance news, the stablecoin application Fin, founded by former Citadel employees, announced the completion of a $17 million financing round, led by Pantera Capital with participation from Sequoia and Samsung Next. The application aims to utilize stablecoin technology to provide cross-border and large-value payment services, enabling global rapid transfers without complex operations. Its design supports users to transfer funds to other Fin users, bank accounts, or cryptocurrency wallets, claiming that transaction fees will be much lower than traditional banking channels. Fin primarily targets scenarios involving large fund cross-border or domestic transfers, such as addressing payment efficiency issues in import and export trade. The application has not yet officially launched and plans to initiate a pilot among companies in the import and export industry next month. The company's profits will come from transfer fees and interest on stablecoin reserves.