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About Bank of Utah

http://www.bankofutah.com

About Bank of Utah

Bank of Utah offers Personal and Business Banking, Home Lending, Wealth Management and Corporate Trust Services; with 18 locations throughout northern Utah and the St. George area.

News

News

Stablecore raises $20M led by Norwest with backing from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, and others to expand digital asset solutions for community and regional banks.

Stablecore Raises $20M to Bring Stablecoins, Tokenized Deposits and Digital Assets into Banks and Credit Unions

September 18 2025

Stablecore, the platform enabling community and regional banks and credit unions to offer stablecoins, tokenized deposits and digital asset products, today announced $20 million in funding. Led by Norwest and with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund and others, which represent more than 290 limited partner banks and credit unions, this news comes at a crucial time following the passage of the GENIUS Act in July 2025.

Branden Hansen