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TechFlow reports that on May 11, according to Fortune, stablecoin bank Augustus received a federal banking license from the U.S. Office of the Comptroller of the Currency (OCC), becoming the eighth institution to obtain such a license since 2010. Concurrently, Augustus completed a $40 million funding round, with investors including Valar Ventures (founded by Peter Thiel), Creandum, and founders of Ramp, Deel, and Circle.
According to Fortune, stablecoin-focused bank Augustus has received a federal banking charter from the U.S. Office of the Comptroller of the Currency (OCC), becoming the eighth institution to obtain such a license since 2010. Simultaneously, Augustus closed a $40 million funding round, with investors including Valar Ventures (founded by Peter Thiel), Creandum, and founders of Ramp, Deel, and Circle.
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