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According to Bloomberg, U.S. fintech bank Cross River Bank announced the completion of a new funding round of $50 million, with additional investment from funds under T. Rowe Price. The company's valuation is slightly above $3 billion. The official statement said that the funds will be used to further expand artificial intelligence and cryptocurrency businesses, accelerate new product launches, deepen partnerships, and promote international expansion. Cross River has long provided banking infrastructure services for over 100 fintech companies including Stripe and Coinbase, and previously participated in Visa's USDC stablecoin settlement pilot.