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Stablecoin-driven financial institution Dakota completes $12.5 million Series A financing, led by CoinFund

Summary: In breaking news, stablecoin-driven financial institution Dakota, co-founded by former Coinbase executives, announced the completion of a $12.5 million Series A financing round led by CoinFund. 6th Man Ventures, Digital Currency Group, and Triton Ventures also participated. Dakota uses stablecoins to transfer funds between itself and clients, with this investment marking the latest bet by ...

In breaking news, stablecoin-driven financial institution Dakota, co-founded by former Coinbase executives, announced the completion of a $12.5 million Series A financing round led by CoinFund. 6th Man Ventures, Digital Currency Group, and Triton Ventures also participated. Dakota uses stablecoins to transfer funds between itself and clients, with this investment marking the latest bet by venture capital firms on companies entering one of the hottest sectors in cryptocurrency.

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