Stablecoin payment network Atum completes $13.5 million in financing, led by Variant.

September 23: Stablecoin payment network Atum announced the completion of $13.5 million in funding, led by Variant, with participation from PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, Credibly Neutral, and others.

Atum was founded by Pete Cooling, former head of crypto products at Visa, and positions itself as a unified coordination layer for global money movement. The platform itself does not issue tokens, does not operate a dedicated blockchain, does not provide asset custody, and does not favor specific payment rails. Instead, it uses a matching market to let settlement service providers compete with one another to fulfill payment requests, supports senders in freely choosing payment assets and receivers in receiving settlement assets on demand, and also supports stablecoin micropayments and cross-border settlement between humans and AI Agents.