US community bank Stablecore completes $20 million funding round with participation from a certain exchange and others

Foresight News reported that US community bank Stablecore has announced the completion of a $20 million funding round, with investors including Norwest, an exchange, Curql, BankTech Ventures, and others. Stablecore provides stablecoin, tokenized deposits, and digital asset solutions for US community and regional banks as well as credit unions, with a platform that can be seamlessly integrated into existing banking systems. The company stated that the funds will be used to expand its customer base and team size, supporting traditional financial institutions in launching digital asset-related businesses.