$USDT  Tether Backs LemFi's 53M Round to Scale Stablecoin Remittances LemFi raised 53M in an Extended Series B with Tether joining Highland Europe as lead. The Canadian fintech now has 85M total raised and processes over 1B monthly across 20+ markets. Tether backing a remittance company marks a shift. LemFi built on traditional rails, but both sides say the goal is stablecoin rails. The pitch is faster, cheaper transfers to emerging markets where correspondent banking causes delays. USDT moves closer to actual payments, not just trading. LemFi has 1M+ customers in the US, UK, and Canada. CEO Ridwan Olalere says the capital funds new features and expansion beyond African corridors. The company already bought a currency exchange firm and an FCA-licensed credit entity, giving it regulatory footing in Europe and tools for immigrant credit checks. The extension structure suggests investors are pacing bets rather than writing one big check. Highland Europe cited retention and cross-border growth. Other participants include LeftLane Capital, Palm Drive Capital, Endeavor Catalyst, and Y Combinator. LemFi reports 30% month-on-month activity growth in 2025. The 1B monthly volume shows traction with diaspora segments underserved by banks. Valuation and allocation were not disclosed. Bottom line: Investors still back remittance fintechs tied to stablecoin infrastructure. Watch if LemFi volumes rise, fees drop, and expansion beyond Africa sticks. If it works, other remittance players will follow.