BitcoinKE·1d ago·positive

Trace Finance raises $32M to scale regulated stablecoin infrastructure in emerging markets

Trace Finance raised $32 million in Series A funding led by CoinFund to expand its regulated cross-border payment and stablecoin settlement infrastructure across Latin America, the US, and Asia-Pacific.

CoinFund led the round with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Valor Capital, and Paxos
Trace has processed over $10 billion in cross-border volume, mainly connecting the US to Brazil
The company provides bank-grade stablecoin settlement infrastructure for fintechs, exchanges, and enterprises
Brazil classified stablecoin cross-border flows as foreign exchange operations, driving demand for regulated providers
Trace plans to expand across LatAm, the US, and APAC with the new capital

defimarketImpact 5/10

Why our editor rated this positive

Significant VC funding for regulated stablecoin infrastructure in emerging markets signals growing mainstream adoption and regulatory maturity for crypto-based payments.

Read the full story at BitcoinKE

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

Share

Back to all news