Augustus raises $180 million to build a clearing bank for the AI and stablecoin era

AI Summary The firm, freshly valued at $1 billion, aims to replace legacy correspondent banking with always-on infrastructure that connects traditional payment systems and stablecoins. fulltext: 173 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/business/2026/07/21/augustus-raises-usd180-million-to-build-a-clearing-bank-for-the-ai-and-stablecoin-era Source: CoinDesk