NALA Secures $50 Million Credit Line for Stablecoin Payment Expansion

Stablecoin payment company NALA has secured a $50 million credit line from Liquidity through its joint venture with Japan's Mitsubishi UFJ Bank (MUFG), Mars Growth Capital. According to ChainCatcher, the new funding will be used to develop NALA's stablecoin payment infrastructure, focusing on expanding cross-border payment services in emerging markets such as Africa and Asia. This expansion includes offering real-time stablecoin-based payment and receipt services, fund pre-storage, and treasury management. Previously, in July 2024, NALA completed a $40 million Series A funding round with investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, Amplo, and angel investors like Robinhood co-founder Vlad Tenev and Chime co-founder Ryan King.