Beam, a stablecoin-based payment service provider, has partnered with Braid to bring real-time payments, blockchain integrations, and stablecoin capabilities to community banks and credit unions across the U.S. This first-of-its-kind collaboration empowers institutions serving over 100 million Americans to offer instant settlement, cross-border payments, and modern wallet experiences, without replacing their core systems.

Beam, a first-of-its-kind stablecoin-based payment service provider, has raised $7M in a funding round led by Castle Island Ventures, with participation from Archetype, Bankless Ventures, Verda Ventures, Arca, and others. This new capital brings Beam’s total funding to $14M.‍This funding will accelerate Beam’s mission to simplify the way businesses around the world move money.