Griffin completes $20 million Series B financing at a $100 million valuation and expands stablecoin business

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Griffin completed a $20 million Series B financing at a $100 million valuation and plans to expand its card-issuing and stablecoin services. The company will launch branded retail and corporate debit cards, plan credit card products, and develop reserve capabilities to support stablecoin operations and on-chain cross-border payment capabilities. Griffin said its banking platform already serves more than 80 companies.