Stablecoin Payments Startup Trace Finance Raises $32 Million From CoinFund, Coinbase Ventures

Trace Finance raised $32 million to expand its stablecoin-based cross-border payment infrastructure beyond Brazil into Latin America, the U.S., and Asia-Pacific. The company has processed over $10 billion in volume.

• Trace Finance raised $32 million in Series A funding led by CoinFund, with Coinbase Ventures, Haun Ventures, and Jump Capital participating.
• The company bridges banks in Brazil and the U.S. to stablecoin settlement networks, processing over $10 billion in cross-border volume.
• Brazil's reclassification of cross-border crypto flows as foreign-exchange operations is driving institutional demand for regulated stablecoin intermediaries.
• Backers include Circle co-founder Sean Neville and Solana Labs co-founder Anatoly Yakovenko.
• Trace plans to expand beyond its U.S.-Brazil corridor into other Latin American markets, the U.S., and Asia-Pacific.

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Last updated 18 Jun 2026