On July 21, Augustus, a startup building a federally chartered clearing bank, announced it has raised $180 million to expand its dollar payment infrastructure as stablecoins reshape the global financial system. The funding round values Augustus at $1 billion. The round was led by Tiger Global Management, with participation from Hummingbird Ventures, QED Investors, and founders of Nubank, Ramp, Circle, and Deel, among other investors.
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Crypto Bank Augustus Completes $180 Million Funding Round, Led by Tiger Global
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