Allium Labs completed a $16.50 million Series A financing round.

Visa's data partner Allium Labs has completed a $16.50 million Series A financing round, led by Theory Ventures with participation from Kleiner Perkins and Amplify Partners. The official statement mentions that this round of financing will be used for data infrastructure development and market promotion. The latest stablecoin activity data released by Allium Labs in collaboration with Visa shows a resurgence in stablecoin demand in 2024, with monthly active users reaching 27.50 million. (CoinDesk)