Neobank stablecoin Fasset valued at 1 billion USD, with SBI supporting payments

- 🚀 Neobank stablecoin **Fasset** reaches a valuation of **1 billion USD**, affirming its position in the market.
- 💰 The company successfully raised **68 million USD** while revenue grew **6x**.
- 📈 Growth volume came from the boom of stablecoins across payment services and settlement.
- 🤝 The development strategy has been accelerated thanks to support from **SBI**.
- 💬 CEO Mohammad Raafi Hossain shared the figures with CoinDesk.

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Source: CoinDesk