Stablecoin financial platform 'Rhythmic' has successfully raised $4 million in a funding round led by Dragonfly and Rob Hadick. According to Foresight News, other users or participants in the investment include Mirana Ventures, Nik Milanovic, The Fintech Fund, Matthew Homer, and The Venture Dept. The funds will be allocated towards developing the core platforms and expand the team.
Also, it'll interest you to know that Rhythmic aim to provide brands with seemless integrated financial products through its stablecoin infrastructure. These offering include balance holding, earning rewards, and spending capabilities.