Fasset, which offers stablecoin-powered banking services across Asia and other emerging markets, raised $68M at a $1B valuation, after raising $51M in May (Krisztian Sandor/CoinDesk)

Fasset, a provider of stablecoin-backed banking services in Asia and other emerging markets, secured a $68 million financing round, bringing its valuation to $1 billion after a $51 million raise in May. The new capital will fund expansion of its crypto-linked financial products and infrastructure across its target regions.