The Tiger Global-led round values the startup at $1 billion as it wires stablecoin rails directly into a federally chartered bank, aiming to modernize the correspondent-banking plumbing behind cross-border payments.
Augustus supports stablecoins alongside traditional payment rails including Swift, ACH, and SEPA, according to a press release.
The Block•Daniel Kuhn21 Jul
Arcus rolled out 24/7 trading for over 95 Stock Tokens on Robinhood Chain and also introduced beta perpetual markets with USDG collateral.
The Block•Brian Danga21 Jul
The perpetuals exchange now accepts Robinhood's tokenized equities as margin, expanding beyond the USDG stablecoin and delivering on a plan to broaden collateral in the third quarter.
The Defiant•The Defiant Team20 Jul
OKX Europe launches USDT to USDC and USDG conversion ahead of the July 2026 MiCA deadline, as EU stablecoin trading volumes shift dramatically away from
CryptoBriefing•Editorial Team17 Jul
Robinhood's choice of USDG for its blockchain could democratize financial benefits, challenging traditional stablecoin economic models.
CryptoBriefing•Editorial Team16 Jul
The rapid growth of USDG liquidity on Robinhood Chain highlights potential systemic risks due to heavy reliance on a single stablecoin.
CryptoBriefing•Editorial Team13 Jul
The rapid growth in USDG holders highlights Robinhood Chain's potential to reshape digital finance, emphasizing self-custody and DeFi integration.
CryptoBriefing•Editorial Team7 Jul
The PBOC's liquidity strategy may tighten global dollar availability, increasing the risk of dollar squeezes in Asian financial networks.
CryptoBriefing•Editorial Team30 Jun
Circle's USDC approval in Japan may set a regulatory precedent in Asia, enhancing stablecoin adoption and transforming corporate FX settlements.
CryptoBriefing•Editorial Team25 Jun