Catena Labs raises $30M in Series A funding

Stablecoin financial infrastructure developer Catena Labs has raised $30 million in a Series A funding round, Fortune reported. Founded by Sean Neville, co-founder of the world's second-largest stablecoin issuer Circle, Catena Labs is developing stablecoin-based tools to enable artificial intelligence (AI) agents to conduct secure financial transactions. The round was led by a16z Crypto and Accrue Capital, with participation from Breyer Capital, General Catalyst, and QED.