Stablecoin financial services platform UnblockPay has raised $4.5 million in seed funding, led by Prelude.

CoinFeed reported on May 3rd that UnblockPay, a stablecoin financial services platform, announced the completion of a $4.5 million seed round of financing, led by Prelude, with participation from several well-known institutions and angel investors including Plug and Play, Wintertermute, and Signature Ventures. The funds raised will be primarily used to develop compliant financial products, helping companies integrate stablecoin systems into their daily financial operations, building standardized cross-border settlement solutions, improving the seamless two-way exchange capabilities between fiat currency and mainstream stablecoins such as USDT and USDC, and continuously expanding the ecosystem of compliant stablecoin enterprise services.