Coinbase, Sony, and Samsung Pour $14.6M into Bastion’s Quest for Stablecoins

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Hold onto your digital wallets, folks! In a thrilling display of capitalist choreography, stablecoin startup Bastion has just raised a cool $14.6 million in a funding round. Leading the charge? Coinbase Ventures, because who doesn’t want a piece of the crypto pie? And they weren’t alone – no, no, no. Along for the ride were Sony (yes, the tech giant that makes your PlayStation and, occasionally, your soul cry), Samsung’s investment arm (because phones need stablecoins too, apparently), Andreessen Horowitz (the VC who somehow never loses money), and Hashed (who… well, I don’t know what they do, but they’re involved). 🎉

So, what exactly is Bastion doing with all that glorious cash? Well, they’re building a platform to let companies issue stablecoins without the hassle of jumping through regulatory hoops or constructing their own infrastructure. In other words, they’ve found a way to let other companies skip all the hard parts. Genius, right? 💡

Not just another boring stablecoin issuer

Oh no, Bastion isn’t just about slinging stablecoins to the highest bidder. They’re aiming for the stars (or maybe just a few very large corporations). According to their press release, Bastion has built a shiny white-label platform that helps businesses of all sizes jump into Web3 without the existential dread of “what even is Web3?” Think custodial wallets, smart transaction routing, and data analytics. They’re basically giving companies the Web3 toolkit – minus the confusion. 🙃

And if you were worried that Bastion’s approach might be too “Web3”, don’t sweat it. They promise they’ve somehow managed to bring the *cost-efficiency*, *compliance*, and *security* of a boring Web2 tech stack into this futuristic world of decentralization. So, no need to panic. 🚀

“Businesses are ready to onboard the next billion but, due to the limitations of web3 infrastructure today, struggle to provide the stellar experiences their customers deserve.”

Big Corporations, Bigger Stablecoins

As if to reinforce Bastion’s brilliance, the company’s CEO, Nassim Eddequiouaq (who probably has a PhD in “making things sound impressive”), pointed out that there’s a growing demand for regulated stablecoin infrastructure from the world’s biggest corporations. Because who wouldn’t want to dabble in a little digital currency, right? 💸

“The evolution of our financial system will continue to accelerate as digital assets and stablecoin adoption proliferates, and Bastion is positioned to help businesses build world-changing financial products.”

And just in case you missed it, let’s talk about all the other companies diving headfirst into the stablecoin pool. Bullish Europe has become the first platform to offer a stablecoin backed by Société Générale (whatever that means). Meanwhile, Kazakhstan is getting in on the action with a new stablecoin project tied to their local currency, in partnership with Solana and Mastercard. Even PayPal’s getting frisky, expanding their PayPal USD stablecoin to eight new blockchains. Who needs traditional money anymore? 💰

But wait, there’s more! At the end of July, EURAU, a euro-backed stablecoin, made its grand debut on Ethereum, courtesy of Deutsche Bank’s DWS, Flow Traders, and Mike Novogratz’s Galaxy. (Yes, all of those are real things.)

But, of course, Bastion didn’t bother responding to CryptoMoon’s request for comment. Because who has time for that when you’re busy revolutionizing the financial system, right?

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2025-09-24 17:41