Axiym’s stablecoin payment volume on Avalanche grows 4.4x in a year

The Dubai-based liquidity platform has pushed past $2 billion in stablecoin payments by helping money transfer firms skip costly pre-funding Axiym’s stablecoin payment volume on Avalanche has grown 4.4 times over the past year, climbing to more than $2 billion. Axiym is a Dubai-based liquidity-as-a-service platform. Its customers are licensed money services businesses, or MSBs, the companies that move remittances and business payments across borders. Those firms have long lived with something called pre-funding. Picture a remittance company that wants to pay out in a dozen countries.