StableSea, a new project founded by ex-Block employees, has emerged to provide global stablecoin offramping, focusing on converting stablecoins to local fiat for payment processors, banks, and neobanks. The firm, which launched in January 2025, has successfully raised $3.5 million in a funding round led by Kindred Ventures, with participation from DFS Lab and Ludlow Ventures. Tanner Taddeo, CEO of StableSea, emphasized the company's mission to address operational issues related to the use of stablecoins in the correspondent banking system. This initiative aims to streamline the process of transferring value across borders and enhance the efficiency of financial transactions. As interest in stablecoins continues to increase, StableSea's solutions could play a pivotal role in shaping how stablecoins are integrated into traditional finance and payment infrastructures.

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