Stablecoin infrastructure startup Bastion has successfully raised $14.6 million in a funding round led by Coinbase Ventures, with additional investments from the venture arms of Sony and Samsung, as well as Andreessen Horowitz’s crypto division and Hashed. Bastion specializes in providing white-label stablecoin systems, enabling companies to issue digital dollars without the need for extensive coding or regulatory licenses. The startup's product suite includes user wallets and off-ramps for cash conversion in over 70 countries. Led by CEO Nassim Eddequiouaq, a former executive at Meta, Bastion aims to position itself against competitors like Paxos and Agora. Though the company did not disclose its valuation for this funding round, it previously raised $25 million in 2023. Recent trends indicate a growing interest in stablecoin projects, as evidenced by significant funding and market participation from prominent players in the tech industry.

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