Remittix Catches Attention Amid Binance-Circle Stablecoin Deal

Binance's recent $100 million investment in Circle has renewed their commercial partnership for five years and put stablecoin distribution under scrutiny.

The extension gives Binance a larger stake in making digital dollars more widely available, but it also highlights the need for recipients to convert these funds into usable bank money.

Remittix is focusing on this 'last mile' with its PayFi network, which targets crypto-funded payouts received as fiat in compatible bank accounts. The company has already raised over $32 million and is set to launch its token debut on November 24 at a price of $0.46.