Techub News reports that, according to Reuters, the startup OpenFX, focused on forex market making and cross-border remittances, has completed a $94 million funding round. The round was led by institutions including Accel, Lightspeed Faction, M13, Northzone, and Pantera, with a post-money valuation of approximately $500 million. OpenFX uses stablecoins as a bridge to connect the banking system with blockchain infrastructure, providing faster and lower-cost settlement services for large-scale cross-border transactions. The company states that over 98% of its transactions are settled within 60 minutes, with annual payment processing volume increasing from about $4 billion to approximately $45 billion. OpenFX plans to use the funds from this round to expand into Southeast Asia and Latin America.