The collaboration aims to boost blockchain-based payment adoption, with Lead Bank recently valued at $1.47 billion after a $70 million Series B funding.
Loop Crypto has partnered with Missouri-based Lead Bank to strengthen stablecoin and cryptocurrency payment infrastructure. CEO Eleni Steinman announced the collaboration in a blog post. Lead Bank, founded 97 years ago, recently secured $70 million in Series B funding co-led by venture firm a16z, resulting in a $1.47 billion valuation.