Haciyev Reşit 
Payment company xMoney, which bridges stablecoins with global commerce, announced today that it has raised $21.5 million in strategic funding led by the Sui Foundation. This funding positions xMoney as a differentiated and competitive player in the multi-trillion-dollar stablecoin and global payments market through Visa and Mastercard infrastructure.
MultiversX and Sui also participated in the funding round, supporting xMoney’s targeted growth in the rapidly evolving payments sector.
xMoney and Stablecoin Payments
While stablecoins already facilitate over $7 trillion in annual payments, broad adoption requires compliant rails and usable infrastructure. xMoney, a fully MiCA-compliant licensed electronic money institution, PCI DSS Level 1 certified, and a principal member of Visa and Mastercard, ensures the highest security and compliance standards.
Currently, the company serves over 5,000 merchants worldwide, including in the Principality of Liechtenstein, covering newly established businesses, institutions, and global enterprises.
Collaboration with MultiversX and Sui
MultiversX provided critical early-stage infrastructure for compliant stablecoin payments. With the support and investment of the Sui Foundation, xMoney aims to accelerate global adoption by combining leading technology with a bold vision.
Greg Siourounis, Co-Founder and CEO of xMoney, commented:
“Stablecoins are no longer experimental. What they need is compliance, trust, and infrastructure to scale. MultiversX and Sui provide unparalleled performance and security. xMoney makes these usable for payments everywhere. Together, we are building the rails for the next era of global finance.”
XMN Token and Future Plans
xMoney’s native token, XMN, will be listed for the first time in early October. The token incorporates open governance mechanisms, engages users in decision-making, rewards value creation, and redistributes value back to the ecosystem.
The company states that buybacks, liquidity programs, and value-sharing mechanisms will strengthen XMN demand as adoption grows, making users active participants in the new era of global payments.
About xMoney and the Sui Foundation
xMoney is a platform building compliant, global payments powered by stablecoins. It provides infrastructure for card payments, subscriptions, and cross-border transactions. As a licensed EMI, PCI DSS Level 1 certified, and principal member of Visa/Mastercard, xMoney ensures secure payments.
The Sui Foundation is a non-profit dedicated to the growth and adoption of the Sui ecosystem, supporting global expansion through events, programs, and funding initiatives.
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