Fasset raises $510 million to expand its market According to CoinDesk, Los Angeles based Fasset, a stable currency driven digital bank, completed a round B financing of US $51 million, with investors including Japan's SBI Group, Investcorp and Türkiye's Arz Port ö y. This round of valuation has not been disclosed. Fasset covers over 50 payment channels in Asia, Africa, and the Middle East through stablecoin technology, serving over 1000 small and medium-sized enterprises in 125 countries with an annual transaction volume of 32 billion US dollars. The funds will be used to expand the market, develop loan and trade financing products, and expand the stablecoin payment and custody infrastructure "Own Network". Fasset has recently partnered with Tether to launch a gold linked digital bank card.