Stablecoin Infrastructure Valued at $1 Billion Amid Growing Interest

Fasset's valuation has risen to $1 billion after it raised $119 million across two funding rounds in 2026. The fintech company operates as a Shariah-compliant digital bank, and its core product is moving money, not speculation.

The company routes payments through USDC and other dollar-pegged stablecoins across more than 50 banking corridors spanning Asia, Africa, the Middle East, and the Americas.

Fasset's Own Network connects banks, payment providers, telecom operators, and liquidity sources, while its routing layer determines how each transaction moves across available rails. The system runs on an AI-enabled Ethereum Layer 2 built on Arbitrum, spanning 16 blockchain networks.