IOSG Ventures Invests in Crypto Payment Company Immersve

IOSG has announced its investment in Immersve, a stablecoin payment infrastructure company, aiming to bridge the payment pipeline from stablecoin account balances to everyday spending. Immersve is a key member of Mastercard, connecting users' stablecoin wallets to existing merchant acceptance networks through a non-custodial settlement framework. The company has provided crypto card solutions for Binance, Bitget Wallet, and KuCoin, enabling users to directly use stablecoins like USDC for payments at Mastercard-accepting merchants. IOSG noted that with the GENIUS Act clarifying the status of stablecoins as payment instruments in the U.S., and the monthly spending on crypto cards exceeding $1.04 billion in July this year, stablecoins are poised to accelerate their evolution into global everyday payment infrastructure.

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