The $7.7 million round from Madrona Venture Group and others will help Sila bring bespoke stablecoins to fintech entrepreneurs.
MIT fellow Alex Lipton claims Facebook borrowed the guts of its Libra project from a paper he co-authored last year.
Sila, a startup launched by former Simple Bank co-founder Shamir Karkal, has unveiled an open beta for its ethereum-based payments platform.