Uber's UK banking partner Griffin has closed a $20 million Series B round, which values the company at more than $100 million. The funding will go toward its stablecoin reserve services and onchain cross-border payments. It's a sign that traditional fintech infrastructure providers are continuing to build out stablecoin-based payment rails.

Stablecoins quietly moving from crypto niche to everyday payments plumbing, one partner at a time. Curious to hear whether you think bank-grade stablecoin services will matter more for cross-border transfers than for trading?

Source: https://cointelegraph.com/news/digital-bank-griffin-100m-valuation-card-stablecoin

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