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Stablecoin startup bank Augustus receives OCC federal banking license and completes $40 million funding round
Golden Finance reports that on May 11, the stablecoin bank Augustus received a federal banking license from the Office of the Comptroller of the Currency (OCC), becoming the eighth institution to obtain this license since 2010, and also completed a $40 million funding round, with investors including Valar Ventures, under Peter Thiel, Creandum, and Ramp, Deel, and Circle founder(s).