StableX surges 18.40% after-hours as MetaComp secures $22M Pre-A funding to expand StableX network in Asia and Middle East.

StableX surged 18.40% in after-hours trading following MetaComp's announcement of a $22 million Pre-A funding round led by Eastern Bell Capital and other investors. The funding will accelerate expansion of StableX, MetaComp's stablecoin and SWIFT network integration platform, into Southeast Asia, South Asia, and the Middle East. StableX, launched in November, utilizes the VisionX risk intelligence engine to offer a Web2.5 architecture supporting 10 major stablecoins, including USDT and USDC. MetaComp, licensed by Singapore’s MAS, processes over $10 billion monthly across 30 markets. The news highlights the platform’s strategic growth and regulatory compliance, bolstering investor confidence in its market position and scalability.