PANews reported on August 21 that according to Blockworks, stablecoin payment processor Loop Crypto completed a strategic financing round co-led by VanEck and Fabric Ventures, bringing its total fundraising to US$6 million, but the specific amount of financing was not disclosed.

It is reported that Loop Crypto focuses on stablecoin payment solutions, supports subscription payment models, and serves multiple merchants including Helius, OpenPay, Kaito and Privy. Its transaction volume in the second quarter of 2025 increased by 344% year-on-year.