New York financial-infrastructure company Mural has raised $15 million in a Series A led by stablecoin issuer Tether, extending the crypto firm's investment push into payments software. North Island Ventures and existing investors also participated. Mural said the round brings its total funding to $28 million and will support international expansion, regulatory infrastructure and payment connections across traditional banks and blockchain networks.

One system for several payment rails

Mural describes its product as a single operating layer for fintechs and software platforms that need to manage customer accounts, transfers, identity checks, permissions and compliance. The company says it handles banking relationships, licences and local and blockchain payment rails so clients do not have to connect those components separately. Its account structure can support U.S. dollars, local currencies and stablecoins, according to Fortune, which first reported details of the financing.

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The company was founded in 2022 by former Palantir engineers Sinclair Toffa and Chris Fernandes. Mural's press materials say its API, launched in 2025, has processed $2.1 billion in payment volume for end users in 128 countries. It names payroll platform Deel, browser developer Opera and Axexo among its customers. Those figures are company-reported and do not disclose revenue, profitability or the valuation attached to the new round.

Stablecoins meet controlled automation

Tether's role makes the investment relevant beyond a conventional software funding announcement. USDT is widely used as a dollar-linked settlement asset, while Mural is building the controls needed to connect stablecoin transfers with bank accounts and regulated business processes. CoinDesk reported that Mural lets customers establish transaction limits, restrict counterparties and require extra approval for larger payments. Such safeguards are important when software rather than a person initiates a transaction.

Both companies framed the round partly around so-called agentic finance, in which artificial-intelligence systems may take limited financial actions on behalf of a business or user. That remains an emerging use case rather than proof of broad autonomous adoption. The practical challenge is authorization: a payment system must know what an agent may do, which counterparties it may use and when a human must approve the action. Mural's existing identity, policy and compliance layer is intended to supply those boundaries.

What the financing does not establish

The announcement does not mean customers can invest in Mural, and the company did not disclose a post-money valuation. It also does not show that autonomous agents are already moving a material share of the $2.1 billion processed through Mural. The verified development is narrower: Tether has led a $15 million institutional funding round for infrastructure that combines conventional money movement with stablecoin rails and programmable controls.

The next useful markers will be new licences, bank integrations, supported markets and disclosed customer usage after the expansion. Investors and payments companies will also watch whether Mural can add AI-initiated transactions without weakening approval, fraud and compliance checks. Adoption will depend on reliability and regulatory access, not only faster settlement. For Tether, the deal adds another infrastructure holding beyond issuing USDT. For Mural, it provides capital to test whether a unified platform can reduce the operational complexity of moving money across currencies, countries and payment networks.

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