Tether Bankrolls Mural’s $15M Bid To Let AI Agents Move Money

ByBibhu Pattnaik
Illustration for Tether Bankrolls Mural’s $15M Bid To Let AI Agents Move Money

Mural raised $15 million in a Series A round led by stablecoin issuer Tether, bringing its total funding to $28 million.

Key Takeaways

  • Tether led the $15 million Series A, with North Island Ventures and existing investors joining
  • Mural has raised $28 million in total since it was founded in 2022
  • The company has processed $2.1 billion in payment volume across 128 countries since launching its API in 2025
  • Its 2026 volume so far is nearly six times its full-year 2025 total

Funding Round

Mural said the new money will fund global expansion and investment in regulatory and payments infrastructure for agentic finance, where software agents move money on behalf of people and businesses.

Payment Volume

Mural has processed $2.1 billion in payments for end users in 128 countries since its API launched in 2025. Its volume for 2026 so far is nearly six times its total for all of 2025.

Customers include Deel, Opera and Axexo, which use Mural to build payroll and remittance tools.

Also Read: Kapital Bets $30M On Woz To Cut AI Billing Costs For Banking Software

How Mural Works

Mural runs accounts, payments, identity checks and compliance in one system. It handles licenses, bank relationships and both local and blockchain payment rails across markets.

Its compliance engine lets companies set account limits, approve counterparties and require extra sign-off for larger payments. End users can hold U.S. dollars, stablecoins and local currency in a single account.

Race To Build Payment Rails For Agents

Mural is one of several companies building payment systems that AI agents can use. Visa and Mastercard both unveiled agent payment programs in April 2025, and Coinbase launched its x402 protocol the following month to let agents pay for online services in stablecoins.

Stablecoin infrastructure has also drawn big buyers. Stripe closed its $1.1 billion purchase of stablecoin platform Bridge in February 2025. In the U.S., the GENIUS Act, signed in July 2025, created the first federal rules for stablecoin issuers.

Tether has been spreading its profits across a wide range of bets, including a $775 million stake in video platform Rumble in 2024.

Stablecoin Payments

Real-world stablecoin payments roughly doubled in 2025 to about $390 billion, with businesses making up around 60%, according to McKinsey and Artemis Analytics data. Tether issues USDT, the largest stablecoin by use.

Mural was founded in 2022 and is based in New York. It was started by former Palantir engineers Sinclair Toffa, its CEO, and Chris Fernandes. Mural is a fintech, not a bank, and its money transmission runs through its licensed affiliate, Mural Networks.

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