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Stablecoin Bank Augustus Obtains OCC Federal Charter, Completes $40M Funding

GateNews

According to ChainCatcher, Augustus, a stablecoin-focused bank, obtained a federal bank charter from the U.S. Office of the Comptroller of the Currency (OCC) today, becoming the eighth institution to receive this license since 2010. The bank simultaneously completed $40 million in funding, with investors including Valar Ventures (backed by Peter Thiel), Creandum, and founders of Ramp, Deel, and Circle.

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