Fasset, a stablecoin-focused neobank, has raised $68 million in new funding at a $1 billion valuation. The round comes as the company reports a six-fold increase in revenue driven by growth in stablecoin payments and settlement services.
CEO Mohammad Raafi Hossain confirmed the funding and valuation details to CoinDesk. Further verified specifics about the round's participants beyond SBI's involvement were not immediately available.
