Mural Raises $15M in Tether-Led Series A
New York-based payments company Mural has raised $15 million in a Series A round led by Tether, with participation from North Island Ventures. The funding brings Mural’s total capital raised to $28 million, following a $5 million seed round in 2022.
Founded in 2022 by former Palantir engineers Sinclair Toffa and Chris Fernandes, Mural offers businesses a single account to hold US dollars, local currencies and stablecoins. Its platform aims to simplify cross-border payments and compliance for payroll providers, software companies and fintech firms, reducing the need to work with multiple banks and payment providers. Mural has not disclosed how it will use the funds. The investment signals interest in stablecoin payment infrastructure, but the announcement includes no details of a token launch or broader crypto-market expansion.
Neutral
The report describes a private funding round for Mural, not a direct change to Tether’s USDT reserves, issuance or peg. As a result, it offers no clear near-term price catalyst for USDT, whose value is designed to remain close to one US dollar. Traders may view Tether’s investment as a sign of continued interest in stablecoin payment infrastructure, but that does not by itself imply a change in the token’s market price. Over the longer term, broader stablecoin adoption could support usage and liquidity, while the funding announcement alone is unlikely to affect USDT’s price or market stability. The article also reports no Mural token launch.