According to CoinMeta, the stablecoin payment network Atum announced the completion of a $13.5 million seed round of financing, led by Variant, with participation from PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, and Credibly Neutral. Atum does not issue stablecoins, does not operate blockchains, and does not manage funds; instead, it provides a cross-stablecoin and cross-chain coordination layer for global capital flows. It is responsible for authorization, routing, and confirmation, and supports AI proxy payments through protocols such as x402 and MPP. The founder of Atum and also CEO Pete Cooling previously led the cryptographic product team at Visa.