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Augustus raised $180 million in a Series B funding round at a $1 billion valuation to build the 'Global Dollar Bank'. The company supports stablecoins alongside traditional payment systems like Swift, ACH, and SEPA.

Current and former students of 10 elite schools are receiving payments from a $284 million financial aid settlement following a lawsuit alleging price-fixing in favor of wealthy students. Payments average $2,000 and were first distributed on July 20 via digital methods and checks.

The article discusses the potential of stable cards in increasing crypto adoption by providing a seamless payment experience. Stable cards could make crypto disappear into the background, becoming better payment infrastructure. This could lead to widespread adoption as people prioritize fast, cheap, global, and reliable transactions.

A user questions the payment processing times for River and Strike, noting that Strike takes 2 weeks for BTC withdrawals despite a 2-day payment confirmation. They compare this to ACH's typical 1-3 day processing and consider switching providers.

Infinite, a B2B stablecoin tech provider, has launched banking services powered by Erebor Bank, which is backed by venture capitalist Peter Thiel. The new accounts support traditional and crypto services including ACH, wire, and stablecoin transfers.