Trace Finance Raises $32M Series A Led by Coinfund for Cross-Border Stablecoin Infrastructure

According to Bitcoin.com News, Trace Finance closed a $32 million Series A funding round led by Coinfund, with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Valor Capital, Paxos, and HOF Capital. The company has processed over $10 billion in cross-border transaction volume and serves the top four global payment providers in Latin America. Trace plans to use the capital to expand its regulated stablecoin infrastructure into the United States, Asia-Pacific, and additional markets.
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