Diameter Pay Secures $10 Million Series A to Expand U.S. Dollar Access Globally
Diameter Pay has raised $10 million in a Series A funding round co-led by CMT Digital and Lightspeed Faction, with additional support from SixThirty Ventures, Stellar Development Foundation, Tech Council Ventures, Onigiri Capital, and BitRock Capital. The fintech platform provides global financial institutions access to U.S. dollar accounts and payment systems via an API, supporting virtual accounts, cross-border payments, stablecoin on- and off-ramps, and compliance controls. The company has processed over $10 billion in transactions year-to-date as of 2026. It aims to address the growing challenge of accessing U.S. dollars globally due to correspondent bank withdrawals from high-risk markets amid sanctions and anti-money laundering concerns. Diameter Pay's solution bridges traditional finance with digital infrastructure, enabling safer and faster dollar transfers. The funding will be used to expand banking capabilities, enhance stablecoin and foreign exchange (FX) infrastructure, and invest in compliance technology. Investors highlighted the importance of trusted access between stablecoins and U.S. banks for secure global payments.
Topics: Fintech Payments Infrastructure Series A Stablecoins