UPDATE: ๐ฌ๐ง Traditional banking infrastructure is moving deeper into stablecoins.
UK bank
@griffinbank has raised $20 million to build reserve services for stablecoin businesses and onchain payment rails for cross-border transactions.
The expansion builds on Griffin's existing business of providing banking infrastructure to fintech companies. The bank is positioning itself as a regulated partner for stablecoin firms rather than competing with them directly.