BDC Capital’s Growth Venture Fund led the round for the Toronto-based fintech startup, which aims to help financial institutions and companies in the U.S. and Canada integrate stablecoins through its platform. Other participating investors include Golden Ventures, Luge Capital and Panache Ventures. (The Logic)

Talking Point: Stablecoins, crypto assets pegged to the value of the dollar, are becoming increasingly mainstream, with some banks now endorsing their use. The sector is projected to grow eightfold to US$2 trillion by 2028. While the regulatory framework is still under development, the Bank of Canada urged federal and provincial authorities to “weigh the merits” of such regulations. Cybrid, led by CEO Avinash Chidambaram—who previously held senior positions at Interac and Blackberry—operates in more than 150 countries.