Stripe-backed payment platform Rapyd completes $100 million in Series C financing to compete with stable currencies

According to Coindesk, Rapyd, a digital payment platform supported by payment technology provider Stripe, raised $100 million in Series C financing to compete with stable currencies. It is reported that Rapyd raised $40 million in Series B financing in February. Stripe's General Catalyst and Tiger Global are involved in Series B and Series C financing, with a $1.9 billion asset-managed private equity fund, Oak HC/FT, leading the C round of financing, and Coatue and Entrée Capital.