Uber’s UK banking partner Griffin raises $20M Series B for stablecoin services

The strategic weight here is less the cheque size than the counterparty: a regulated UK bank-as-a-service provider with a mainstream corporate client is building stablecoin rails, which pushes tokenised settlement further into ordinary payments infrastructure rather than crypto-native circles. The funding is earmarked for reserves and cross-border flows, the two areas where regulatory scrutiny is sharpest, so execution and licensing will matter more than the valuation. Whether other banking partners to large consumer platforms follow into stablecoin infrastructure is the open question worth tracking.