Woofun AI reports that Flex Global, a cross-border commercial banking platform built on stablecoins, has closed a $70 million Series B1 financing round led by Halo Fund. The capital injection will support the expansion of its infrastructure designed to facilitate global payments and fund management for medium-sized enterprises.

Data indicates that annual stablecoin payment volume has reached approximately $390 billion, with inter-enterprise transactions surging 733% year-on-year.

Additionally, Visa’s stablecoin settlement scale hit $7 billion annually as of April 2026, marking a 50% year-on-year increase.