Cross-border payment startup Mural completes $15 million Series A funding round, led by Tether.

October 20 - Cross-border payment startup Mural, founded in 2022 by former Palantir engineers Sinclair Toffa and Chris Fernandes, announced the completion of a $15 million Series A funding round led by Tether with participation from North Island Ventures. Following this round, Mural's cumulative funding has reached $28 million, with the specific valuation not yet disclosed.

Mural provides enterprises with a unified payment management platform that supports managing US dollars, local currencies, and stablecoins in a single account, helping payroll service providers, software companies, and fintech enterprises integrate banks, payment service providers, and cross-border settlement channels. The company plans to use this round of funds to further develop its platform.

Tether CEO Paolo Ardoino stated that this investment also targets the financial services needs of AI agents. As AI agents gradually participate in financial activities, they need payment systems that can operate 24/7 and cover the globe.

According to an Alvarez & Marsal report, stablecoin payment volume was approximately $400 billion in the first 8 months of 2026; Chainalysis data shows that from July 2025 to June 2026, stablecoin cross-border fund flows reached $220 billion, a year-over-year increase of nearly 78%.