Griffin raises $20 million Series B for stablecoin services
In short
Griffin has raised $20 million in a Series B round. The company said the money will support stablecoin reserve services and onchain cross-border payments, and the round valued it at more than $100 million.
It could help the company grow in stablecoin and cross-border payments.
What the reporting says
The round valued the UK banking partner to Uber at more than $100 million. The funding is aimed at supporting services linked to stablecoins and cross-border transfers on blockchain rails.
Why it matters
The money is meant for stablecoin reserve services and onchain cross-border payments.