Palmer Luckey will lead a funding round for the stealth stablecoin startup, Atticus, which is gaining traction among prominent investors.
Atticus, founded by Owen Rapaport and Jacob Hirschman, is backed by Crypto venture firm Haun Ventures and aims for a valuation between $1.5 billion and $2 billion.
The startup's focus is likely on compliance and institutional-grade infrastructure in the stablecoin sector, given the involvement of regulatory veterans and high-profile backers.
Atticus is preparing for a significant entry into the stablecoin market as investor interest in compliant digital dollar alternatives grows amidst a maturing regulatory landscape.