Stablecore secures $20 million from Norwest & others to enable community and regional banks and credit unions to offer stablecoins, tokenised deposits, and digital assets without overhauling their tech stacks.
Key Highlights
$20M funding round led by Norwest – With participation from Coinbase Ventures, BankTech Ventures, Bank of Utah, Curql, EJF Ventures, and others.
Bank-focused digital asset & stablecoin offering – Stablecore’s platform lets banks and credit unions offer stablecoin transactions, tokenised deposits, digital asset accounts, and crypto-collateralized dollar loans while integrating with their existing infrastructure.
Regulatory tailwinds & market opportunity – Comes after the GENIUS Act in July 2025, which made stablecoins and digital assets permissible activities within banking; targeting over 8,000 U.S. regional and community banks/credit unions.
Summary Story
Stablecore, a U.S.-based fintech startup, has raised $20 million in its latest funding round led by Norwest, with backing from Coinbase Ventures, BankTech Ventures, Bank of Utah, Curql, EJF Ventures, and others.
Its mission: to enable community and regional banks and credit unions across the U.S. to offer digital asset services—including stablecoins, tokenized deposits, stablecoin transactions, and crypto-backed loans—without requiring those institutions to rip out or rewrite their existing banking technology stacks.
The timing aligns with regulatory change: July 2025 saw the passage of the GENIUS Act, which clarifies that stablecoins and digital assets are permissible within U.S. banking institutions. Stablecore plans to use the funding for hiring and expanding its client base across the more than 8,000 regional & community banks & credit unions.
