[Stablecoin Application Fin Completes $17 Million Financing, Led by Pantera Capital] According to *Fortune* magazine, the stablecoin application Fin, founded by former Citadel employees, announced the completion of a $17 million financing round, led by Pantera Capital, with participation from Sequoia and Samsung Next. The application aims to leverage stablecoin technology to provide cross-border and large-scale payment services, enabling fast global transfers without complex operations. It is designed to support transfers to other Fin users, bank accounts, or cryptocurrency wallets, and claims that fees will be significantly lower than traditional banking channels. Fin primarily targets scenarios involving large-scale cross-border or domestic transfers, such as improving payment efficiency in import-export trade. The application has not yet officially launched and plans to begin pilot testing among enterprises in the import-export industry next month. The company’s revenue will come from transfer fees and interest on stablecoin reserves.