Stablecoin startup bank Augustus obtains OCC federal banking license and completes $40 million financing
According to ChainCatcher, stablecoin bank Augustus has received a federal banking license from the U.S. Office of the Comptroller of the Currency (OCC), becoming the eighth institution to obtain this license since 2010. Simultaneously, Augustus completed a $40 million financing round, with investors including Valar Ventures under Peter Thiel, Creandum, as well as the founders of Ramp, Deel, and Circle.
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