MobileCoin

Payment solution using stablecoins for transactions

San Francisco, California, United States

About MobileCoin

MobileCoin provides a payment solution that uses stablecoins to enable secure and efficient transactions. Its main product is eUSD, a stablecoin that is backed 1:1 by a collection of top-rated stablecoins, which are fully collateralized with USD or equivalents. This allows businesses to conduct transactions without relying on traditional fiat currencies. MobileCoin differentiates itself from competitors by offering an open-source technology platform that supports public audits, ensuring transparency and trust. Additionally, the company provides developers with resources like APIs, SDKs, and security audits to create a secure ecosystem. The goal of MobileCoin is to facilitate innovative payment methods for businesses while generating revenue through transaction fees and partnerships.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$177.4MTotal Funding
SERIES_BCompany Stage
Consumer Software, FintechIndustries
11-50Employees

Risks

Regulatory scrutiny on stablecoins could impact MobileCoin's operations and growth.
Cryptocurrency market volatility threatens MobileCoin's stability and investor confidence.
Intense competition from major players like PayPal and Square may overshadow MobileCoin.

Differentiation

MobileCoin integrates with popular messaging apps like Signal for seamless transactions.
The platform emphasizes privacy and security, crucial in today's digital payment landscape.
MobileCoin's eUSD stablecoin is backed by multiple stablecoins, ensuring stability and trust.

Upsides

Integration with Signal boosts user adoption, leveraging over 1 million existing users.
The eUSD stablecoin taps into the growing demand for less volatile cryptocurrency options.
$100 million funding enhances MobileCoin's capacity for technology development and partnerships.