A breakthrough for mainstream adoption. Crypto-focused enterprise payment platform TribalCredit has concluded a $40 million debt offering that was one of the first funded through fiat and stablecoins.
Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America.
Tribal COO Duane Good explained to Cointelegraph that funding receivables from its customer base means that “Tribal can use the debt facility to help customers” in the aforementioned countries. In other words, “this new debt facility will be used to support our customer's spending on the Tribal platform.”
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