Zodia Markets Raises $18.25M to Fuel International Expansion, Stablecoin Payments

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Zodia Markets, the crypto trading firm majority-owned by Standard Chartered (STAN), has raised $18.25 million led by Pharsalus Capital. The Series A funding round will be used to support Zodia's international expansion effort and further develop its stablecoin payments services, according to an announcement on Monday . Zodia is aimed at financial institutions, offering them a combination of wholesale finance and 24/7 digital asset trading, to "reengineer traditional foreign exchange capital flow...