Jeeves raises $110M from a16z, Coinbase to expand stablecoin payments
- —$110M round backed by a16z and Coinbase
- —50–60% of Jeeves' international payments settle in stablecoins, mainly USDC
- —Payment volume grew from about $400M to over $3B, with a $6B target
- —Plans include a stablecoin wallet, AI agents and payouts in 25+ countries
Why it matters: A major fintech moving corporate payments onto stablecoin rails expands real USDC usage and reinforces Coinbase's revenue-sharing model.
Source: Crypto Briefing