Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America.

Partners for Growth (a California-based financial firm) and Stellar Development Foundation, which are non-profit organizations supporting the development of Stellar’s blockchain, funded the so-called hybrid loan round. Tribal stated that it would use the capital for receivables from customers in Latin America including Peru, Chile and Brazil.