Augustus Raises $180 Million to Build Stablecoin Bank, Valuing Startup at $1 Billion

businessvccryptotechfintech 2 posts · 2 accounts

Stablecoin bank startup Augustus raised $180 million in a funding round that valued the company at $1 billion. The company is building a federally chartered clearing bank designed around stablecoins.

The financing was led by Tiger Global, adding to existing backing from Peter Thiel’s Valar Ventures.

From the sources (2 posts)

@techmeme

Augustus, which is building a federally chartered "AI-native" clearing bank designed around stablecoins, raised $180M led by Tiger Global at a $1B valuation (@sndr_krisztian / CoinDesk) (Visit Techmeme dot com for the link and full context

@katie_roof

RT @business: Augustus, a clearing-bank startup backed by Peter Thiel’s Valar Ventures, reached a $1 billion valuation in a new funding rou…

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