Iris has raised $43 million from Balesia Group to expand its onchain financial-services platform for telecom operators, operating on a dedicated Avalanche Layer 1. The telecom family office in the Americas was the sole investor. Iris is supporting real-time payment and settlement operations for providers in Bolivia and Mexico, while its ALVA mobile application is already available through Bolivia's VIVA. VIVA uses USDi, a dollar-backed stablecoin issued by Agora, for transaction settlement and eligible operating reserves. Iris has also reached agreements with operators serving more than 60 million subscribers across six countries.