Tether Backs Saber Money For Cross-Border Expansion

Stablecoin issuer Tether and CMCC Global’s Titan Fund have provided strategic funding to Saber Money to support the cross-border payment firm’s expansion across the Asia-Pacific and Gulf regions. According to the company's announcement, the capital will be used to secure new regulatory licenses, establish direct banking partnerships, and develop business payment services.

Expansion in Emerging Markets

Saber operates payment infrastructure that allows financial institutions, fintech companies, and businesses to transfer funds internationally using stablecoins. The company reported a sixfold growth in payment volumes over a nine-month period, processing billions of dollars across more than 40 countries. According to Saber, over 90% of its transactions are completed in under one minute.

The expansion strategy focuses on acquiring direct access to local banking networks to improve settlement costs. Saber CEO Edul Patel stated that the company aims to make stablecoin-based payment infrastructure available to businesses managing corporate treasury operations, paying overseas suppliers, and transferring working capital.

Regional Demand and Strategy

Tether CEO Paolo Ardoino highlighted emerging markets as a key area for stablecoin adoption, noting Saber's regulatory presence in Asia and the Middle East. Meanwhile, Titan Fund co-founder Shiau Sin Yen pointed out that Asia contributes approximately 53% of global remittance flows, citing projections that cross-border business-to-business stablecoin payments could reach $5 trillion by 2035.

Saber currently holds licenses, registrations, and authorizations across Canada, the European Union, India, and Australia, and its corporate group operates the Indian cryptocurrency exchange Mudrex. The company did not disclose the specific amount raised or the valuation attached to the funding round.

Key facts

• Saber Money secured funding from Tether and CMCC Global’s Titan Fund.
• The capital will support regulatory licenses, banking partnerships, and business payment products.
• Saber reported a sixfold increase in payment volumes over nine months across more than 40 countries.
• Over 90% of Saber’s payments are completed in under one minute.