Fin, co-founded by former Citadel engineers Ian Krotinsky and Aashiq Dheeraj, emerged from stealth in December 2025 after raising $17 million in seed funding. Led by Pantera Capital, with participation from Sequoia and Samsung Next, the company is developing a stablecoin-powered payments platform for enterprise clients. Fin aims to settle cross-border transfers worth hundreds of thousands to millions of dollars, allowing users to send funds to Fin accounts, bank accounts or crypto wallets through an interface designed to conceal the underlying blockchain infrastructure. The company plans to generate revenue from transaction fees and interest on stablecoin reserves. A pilot with import-export businesses is scheduled for January 2026. Fin is positioning itself against correspondent banking networks operated by institutions including JPMorgan and Barclays, while the pilot will test its ability to manage sanctions screening, anti-money laundering requirements, currency conversion and failed transactions. The US GENIUS Act, signed into law in July 2025, provided a clearer regulatory framework for stablecoins, although earning yield on reserves could raise questions about whether a payments platform begins to resemble a quasi-bank.