PANews
PANews|Dec 11, 2025 01:39
[Lead Bank Adds Loop Crypto to Core Member List, Aiming to Expand Stablecoin and Payment Business Scale] According to The Block, Loop Crypto announced on Tuesday that it will partner with Lead Bank to leverage the anticipated stablecoin boom. Loop Crypto co-founder and CEO Eleni Steinman stated in a blog post: 'We are thrilled to join forces with Lead to expand our work in the stablecoin and cryptocurrency payment space, unlocking greater impact and reach for technologies that can make our financial system faster, more efficient, and more secure.' It is reported that although Lead Bank is a 97-year-old community bank headquartered in Kansas City, Missouri, it has shifted its focus in recent years to fintech and crypto companies. Earlier this year, Lead Bank raised $70 million in a Series B funding round participated by a16z, pushing its valuation to $1.47 billion. Loop Crypto also announced earlier this year that it had raised a total of $6 million, with part of the funding coming from a16z.
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