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KUN Raises $50M to Accelerate Asia's Stablecoin Infrastructure

KUN, Asia’s leading stablecoin payment and embedded finance provider, has secured over $50 million in its Series A funding round. Backers include Qiming Venture Partners, IDG Capital, GSR Markets, HashKey Capital, and a publicly listed Hong Kong firm, reinforcing investor confidence in stablecoin-based financial rails.
Launched in 2022, KUN has processed over $10 billion in stablecoin volume, serving more than 2,000 enterprise clients. Its services cover:

  • Web3 merchant acquiring
  • C2B/B2B stablecoin on/off-ramps
  • Custodial and enterprise wallets
  • Compliance-grade APIs
  • Real-time settlement infrastructure
Supported stablecoins include USDT (TRC20/ERC20), USDC, DAI, PYUSD, FDUSD, and XSGD.
Leo Lin, CEO of KUN, stated:
“Stablecoins are the foundation of next-gen global payments. Our mission is to unlock capital efficiency with compliance, usability, and security.”

Buvei’s Perspective: Infrastructure Meets Application Layer

At Buvei, we believe the convergence of stablecoins and programmable finance is reshaping global payments from the ground up.
While KUN builds the infrastructure, Buvei operates on the application layer, offering:
  • Real-time virtual card issuance
  • Global SaaS payments via USDT (TRC20/ERC20)
  • Spending control and multi-card isolation
Use cases span Meta & TikTok ads, Google Cloud, SaaS subscriptions, and cross-border freelancer payments.

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