Standard Economics Secures $9 Million for Global Cross-Border Remittances

Standard Economics, a stablecoin payment startup, has secured a $9 million seed funding round led by Paradigm to expand its Uno app and offer cross-border remittance services. The company aims to launch in Latin America and Asia first, using regulated stablecoins for secure, seamless transactions between borders. This investment follows the app’s initial launch in Mexico in October 2023. CEO Evan Jones highlights the need for accessible banking for unbanked populations as a key driving force behind their expansion plans.