Stable coin banking platform Flex completes $70 million B1 round financing

The stablecoin banking platform Flex has completed a $70 million Series B1 funding round, led by Halo Fund, to expand the Flex Global cross-border commercial banking platform and assist medium-sized enterprises in global payments and fund management through stablecoin infrastructure. The annual payment scale of stablecoins has reached about 390 billion US dollars, and inter enterprise transactions have increased by about 733% year-on-year. The settlement scale of Visa stablecoins reached an annualized $7 billion by April 2026, a year-on-year increase of 50%.