Fintech firm MetaComp plans to use its latest funding to scale the StableX Network, a blockchain-based platform designed to connect regulated financial institutions, stablecoin issuers and payment partners. The company aims to expand the network across Asia, the Middle East, Africa and Latin America to support faster, compliant cross-border settlements.

Support from Alibaba is notable, as the tech giant has reportedly explored deposit-token technologies for overseas transactions despite strict stablecoin restrictions in China. Analysts expect the global stablecoin market to grow rapidly, with projections suggesting it could reach $2 trillion by 2028, reinforcing the importance of infrastructure platforms like MetaComp’s StableX Network.