CoinWorld News reports that on January 12, the stablecoin payment infrastructure provider PhotonPay announced the completion of a Series B funding round led by IDG Capital, amounting to "tens of millions of dollars." PhotonPay did not disclose its valuation. The new funds will be used to accelerate the expansion of its stablecoin financial track, recruit key talent, and expand its regulatory influence globally, with a focus on the United States and some emerging markets.