Financial institution Dakota, driven by stablecoins, has completed a $12.5 million Series A funding round, led by CoinFund

Odaily Planet Daily News: Dakota, a stablecoin driven financial institution co founded by former Coinbase executives, announced the completion of a $12.5 million Series A funding round, led by CoinFund and with participation from 6th Man Ventures, Digital Currency Group, and Triton Ventures. Dakota uses stablecoins to transfer funds between itself and its clients, and this capital injection is also the latest bet by venture capital firms on companies entering one of the hottest areas of cryptocurrency. （Fortune）