According to Odaily, UAE-based stablecoin infrastructure provider SaturnX has successfully raised $3 million in a seed funding round led by White Star Capital, with participation from strategic institutional investors. SaturnX offers global payment API services based on stablecoins for enterprises and financial institutions, focusing on smart foreign exchange routing and compliance payment networks, primarily targeting major remittance corridors in Southeast Asia and Africa.
Within just five months of its establishment, SaturnX has achieved a transaction volume exceeding $250 million and has become profitable. The newly acquired funds will be utilized to expand payment corridors in Southeast Asia, including the Philippines, Bangladesh, Indonesia, and Pakistan, enhance compliance infrastructure, and refine its enterprise-level API stablecoin payment platform.
SaturnX supports key channels from the Middle East to South Asia by pre-deploying stablecoin liquidity pools, aggregating real-time FX quotes, and collaborating on compliance licenses, with annual transaction volumes reaching several hundred million dollars.