**[Zynk Completes $5 Million Seed Round Financing, Coinbase Ventures Participates]** Odaily Planet Daily News: Stablecoin cross-border payment infrastructure platform Zynk announced the completion of a $5 million seed round financing, led by Hivemind Capital, with participation from Coinbase Ventures, Alliance DAO, Transpose Platform VC, Polymorphic, Tykhe Ventures, and Contribution Capital. This round of financing was completed in August this year using the SAFE agreement. Zynk stated that the new funds will be used to expand the coverage of global payment channels, enhance liquidity, technology, and compliance infrastructure, and establish partnerships with major payment service providers. The platform supports instant settlement between fiat currencies and stablecoins, providing seamless integration solutions for Web2 and Web3 payment enterprises without the need to pre-fund accounts in different markets or engage in complex liquidity management, thereby unlocking idle capital and reducing settlement costs. Zynk co-founder and CEO Prashanth Swaminathan said that Zynk is building infrastructure to make "global payments flow like data," aiming to break down the barriers of pre-funding reliance in cross-border payments. Its payment network currently supports instant cross-border settlements between USD, EUR, AED, INR, MXN, and PHP. (The Block)