PANews reported on June 10 that according to Fortune, the stablecoin payment startup Noah announced the completion of a $22 million seed round of financing, led by European veteran venture capital LocalGlobe, with participation from angel investors such as Felix Capital, FJ Labs and Palantir co-founder Joe Lonsdale. Former Adyen global sales director Thijn Lamers joined as a co-founder, bringing with him a wealth of payment industry resources.

It is reported that Noah provides a stablecoin payment API that can access 50 currencies and covers 70 countries, with a cumulative transaction volume of over 1 billion US dollars. Lamers said that his connections and reputation are one of the company's differentiating advantages. CEO Shah Ramezani emphasized that "the payment network is more important than technology."