Stablecoin startup Payy completed a $6 million seed round led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. The round utilized a SAFE plus token warrant structure, bringing total funding to $8 million. Payy, formerly the Web3 database project Polybase, pivoted to the stablecoin payments space in 2023 and has developed a privacy payment network based on zero-knowledge proof technology. (The Block)

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