Augustus, a payments-focused startup, raises $180 million in a Series B funding round at a $1 billion valuation, according to a press release and reporting by Decrypt. The company says it is building what it describes as a “Global Dollar Bank,” aiming to modernize cross-border payments infrastructure, including correspondent-banking systems. Augustus plans to support stablecoin functionality alongside traditional payment rails such as SWIFT, ACH, and SEPA. Decrypt reports that the funding round is led by Tiger Global and that Augustus wires stablecoin rails directly into a federally chartered bank. The company positions its approach as a way to integrate stablecoin-based payment capabilities into existing banking payment channels rather than treating them as separate systems. Both sources describe the same fundraising amount, valuation, and the company’s goal of combining stablecoin support with conventional payment networks. No additional details about the bank partner, rollout timeline, or specific jurisdictions are stated in the provided excerpts.