Stablecoin infrastructure startup Zerohash plans to raise $100 million at a valuation of nearly $1 billion, with Interactive Brokers leading the round.

According to Fortune, cryptocurrency and stablecoin infrastructure startup Zerohash plans to raise $100 million at a valuation of nearly $1 billion. Publicly listed online broker Interactive Brokers will lead the round. Founded in 2017, Zerohash provides backend infrastructure for banks, brokers, and fintech companies, helping them launch cryptocurrencies, NFTs, and other digital assets to their customers. The company has become an influential player in the popular stablecoin space, with stablecoins being cryptocurrencies pegged to underlying assets such as the U.S. dollar. [ChainCatcher]