Stablecoin underlying payment infrastructure Rhythmic completes $4 million seed funding round, led by Dragonfly and HadickM

GateNewsBot
Source: PANews

PANews February 24 News, former payments and digital asset professional Aaron announced that his founded company Rhythmic has completed a $4 million seed round financing, led by Dragonfly and HadickM, with participation from Mirana, The Fintech Fund, and others. Rhythmic is building a financial infrastructure platform for consumer internet companies, enabling accounts, savings, cards, and reward systems to be embedded into products in a “native” form, with stablecoins handling the underlying fund flow and settlement. The user frontend only displays as “holding balance, earning rewards, and making arbitrary purchases,” without direct interaction with wallets or the concept of “using stablecoins.” The funds from this round will be used to improve the core platform, connect with initial partners, and expand engineering and compliance teams.

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