Rhythmic, a stablecoin-based payment infrastructure provider, has raised $4 million in seed funding, led by Dragonfly and HadickM.

PANews reported on February 24th that Aaron, a former payment and digital asset professional, announced that his company, Rhythmic, has completed a $4 million seed funding round, led by Dragonfly and HadickM, with participation from Mirana, The Fintech Fund, and others. Rhythmic is building a financial infrastructure platform for consumer internet companies, embedding accounts, stored value, cards, and rewards systems "natively" into products, with stablecoins handling fund transfers and settlements at the underlying level. Users only experience "holding balance, receiving rewards, and making any purchases" on the front end, without directly interacting with wallets or using the concept of "using stablecoins." This round of funding will be used to improve the core platform, connect with initial partners, and expand the engineering and compliance teams.