Arf, a stablecoin cross-border payment network, completed $13 million in financing, Circle Ventures, Stellar Development Foundation (SDF), United Overseas Bank (UOB) Venture Management, Signum Capital, Hard Yaka, NGC Ventures, Blockchain Founders Fund and 500 Emerging Europe, as well as from Investors from Coinbase, Solana, FTX, and Kabbage, etc. participated. The fresh funds will be used to develop its blockchain-based technology to provide global treasury management and working capital lines of credit to financial institutions and licensed money services businesses operating in the cross-border payments industry. Foresight News previously reported that Arf, a stablecoin cross-border payment network, launched a credit service "Arf Credit" in April this year that uses USDC as a transactional short-term working capital.