Asia-based stablecoin infrastructure firm AlloyX has raised $10M Pre-A funding round backed by Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital, and Kiln SAS. The company plans to use the funds to scale its operations across the UAE, ASEAN, and Africa. The raise follows major moves in the stablecoin payments space, including Stripe’s $1.1 billion acquisition of Bridge and BVNK’s $50 million Series B at a $750 million valuation.