According to CoinMeta, stablecoin payment infrastructure startup Diameter Pay has completed a $10 million Series A financing round, led jointly by CMT Digital and Lightspeed Faction. Sixthirty Ventures, Stellar Development Foundation, Tech Council Ventures, Onigiri Capital, and Bitrock Capital also participated in the round. This is the company's first external financing since its establishment in 2023. Diameter Pay provides US dollar virtual accounts, domestic and cross-border payments, stablecoin deposit and withdrawal services, as well as compliance solutions for banks, fintech companies, and digital asset exchanges. The new funds will be used to expand banking and payment capabilities, as well as the infrastructure for stablecoins and foreign exchange, along with technology and compliance tools.