Rhythmic completes $4 million seed round funding, led by Dragonfly and HadickM

Rhythmic, a developer of stablecoin underlying payment infrastructure, announced the completion of a $4 million seed round financing, led by Dragonfly and HadickM, with participation from Mirana, The Fintech Fund, and others. Rhythmic is committed to building a basic financial platform for consumer Internet companies, embedding accounts, stored value, cards and reward systems into products in a "native" form, and realizing the flow and settlement of underlying funds through stable currencies. Users only need to operate "hold balance, receive rewards, and make arbitrary purchases" without directly touching the concept of wallets or stablecoins. This round of financing will be used to improve the core platform, connect with the first batch of partners, and expand the engineering and compliance teams.