Augustus raises $180M at $1B valuation to build AI-native clearing bank connecting traditional payments and stablecoins; has conditional OCC approval for U.S. charter, processes billions in euros annually

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

The firm, freshly valued at $1 billion, aims to replace legacy correspondent banking with always-on infrastructure that connects traditional payment systems and stablecoins.Updated Jul 21, 2026, 3:51 p.m. Published Jul 21, 2026, 2:27 p.m. Augustus CEO Ferdinand Dabitz (Augustus)Augustus, a startup building an AI-native, federally chartered clearing bank focused on stablecoin-era payments, raised $180 million at a $1 billion valuation led by Tiger Global.Rather than issuing its own stablecoin, Au...