Summary:
Palmer Luckey is leading a funding round for Atticus, a stealthy stablecoin startup, at a $1.5B-$2B valuation
This investment highlights the convergence of stablecoins and traditional finance
Atticus, founded by Owen Rapaport and Jacob Hirschman, is so stealthy it doesn't have a website
Backers include Haun Ventures, linked to the first federally chartered crypto-native bank
The move reflects growing investor confidence in stablecoins going mainstream
Atticus, a stealthy stablecoin banking startup, is on the verge of securing a significant funding round that could value the company between $1.5 billion and $2 billion. This investment is spearheaded by Palmer Luckey, the visionary cofounder and CEO of Anduril Industries, a leader in defense technology.
Why This Matters
This potential investment underscores the growing intersection between stablecoins and traditional finance, marking what could be the year's first new stablecoin unicorn.
Inside Atticus
Founded by Owen Rapaport and Jacob Hirschman, Atticus remains shrouded in mystery, lacking even a basic website. The startup's backers include Haun Ventures, with Diogo Monica, a partner who founded Anchorage Digital, the first federally chartered crypto-native bank in the U.S., among its supporters.
The Bigger Picture
Investors are placing big bets on stablecoins entering the mainstream, with Circle, a major stablecoin issuer, anticipated to go public via an IPO soon. This move by Luckey could signal a significant shift in how traditional and crypto finance converge.
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