Augustus Raises $180 Million for Stablecoin-Ready Global Dollar Bank

Cross-border dollar payments remain dependent on layers of correspondent banks, leaving transfers constrained by banking hours and settlement delays. Augustus is building a federally chartered “Global Dollar Bank” rather than issuing its own stablecoin. Its API-first platform connects conventional systems including SWIFT, ACH and SEPA with stablecoin rails, aiming to give banks and fintech companies faster, round-the-clock access to dollar accounts and payments.

Augustus said on July 21, 2026, that it raised $180 million in a Series B round led by Tiger Global, with Hummingbird and QED among the participants. The financing valued the startup at $1 billion and lifted total funding to $210 million. After receiving conditional approval for a national bank charter from the Office of the Comptroller of the Currency in May, Augustus plans to expand across Latin America, Southeast Asia, the Middle East and Africa.