Augustus Raises $180 Million to Build Stablecoin-Ready 'Global Dollar Bank'
Augustus, a fintech startup building a federally chartered clearing bank designed for stablecoins and programmable money, announced a $180 million Series B funding round led by Tiger Global, valuing the company at $1 billion. The round included participation from Hummingbird, QED, and founders of Nubank, Ramp, Circle, and Deel, as well as crypto figures like Circle co-founder Sean Neville and former Coinbase CTO Balaji Srinivasan. Augustus has raised $210 million to date. The company is developing an API-first platform that supports operating and FBO accounts, settling via Swift, ACH, SEPA, and stablecoins on a proprietary core banking system called Marble. It received conditional approval for a U.S. national bank charter from the Office of the Comptroller of the Currency in May 2026, making it the eighth bank to do so since 2010. Augustus plans to use the capital to expand in Latin America, Southeast Asia, the Middle East, and Africa, positioning its infrastructure as a geopolitical counter to China's digital yuan and Russia's BRICS Pay.
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