PhotonPay is attempting to bridge on-chain stablecoin liquidity with local fiat clearing and card networks so businesses can move and settle money across borders with less friction. Its $40 million Series C is funding multi-asset wallets, global card issuing, local clearing and an agent-ready execution layer, while the company reports $65 billion in annualized transaction volume, more than 200,000 business customers and 34 payment and financial licenses and regulatory authorizations.