Reached PR Newswire: Enterprise stablecoin banking platform Jeeves completes $110 million equity financing round, led by CoinFund, with participation from Andreessen Horowitz, Coinbase Ventures, GIC, Wintermute, Y Combinator, and others.
The company says its platform’s annualized transaction volume has already exceeded about $5 billion; stablecoins were nearly zero eight months ago and are now around $1.5 billion annualized. The stablecoin card business expanded from 25 countries to 35, opened a new Madrid office, and launched its own stablecoin wallet, claiming redemption support in up to 190 countries.
For enterprise cross-border collections and payments, firms are still working around traditional correspondent banks—some people have already put cards, accounts payable, and treasury into a single stablecoin infrastructure stack.
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