According to online reports, Cedar Money, a stablecoin cross-border payment service provider, announced that it has completed a US$9.9 million seed round of financing, led by QED Investors, with North Island Ventures, Wischoff Ventures, Lattice and Stellar participating. Valuation information has not been disclosed yet. Cedar Money enables seamless cross-border capital flows through stablecoins, supporting the combination of back-end blockchain technology with a user-friendly fiat tender interface, providing enterprises with seamless and compliant payment solutions.