A leading exchange's affiliated lab has just completed a $5 million lead investment in AllScale today.

This project is riding the wave of both stablecoins and PayFi, making it worth keeping an eye on. AllScale focuses on providing self-custodial digital banking services for small and micro businesses, with its core selling point being the use of stablecoins to facilitate cross-border transactions and real-time settlements.

Simply put, it allows businesses to avoid the slow cross-border transfer processes of traditional banks and instead use on-chain stablecoins for instant settlements with lower fees. For small companies frequently conducting international business, this kind of instant settlement truly addresses several pain points.