Erebor is looking to expand its stablecoin banking operations.
The new banking charter whose infrastructure and reserve model puts stablecoins at its core is considering raising more capital for stablecoin banking services at an $8B valuation.
Per Bloomberg, this may be planned as a result of considerable growth in 2026 since the bank first launched and is also based on an impressive rate of deposit growth to just over $4B.
Erebor first received its license back in October and is fully intending on catering to the banking needs of entrepreneurs, startups and big tech companies, especially since the founding team is a who’s-who of serial company builders.
