Trace Finance Secures $32M to Enhance Stablecoin Infrastructure
- Trace Finance raised $32 million in a Series A led by CoinFund.
- The funding will expand regulated stablecoin settlement infrastructure in Brazil, the US, and emerging markets.
- Investors include Coinbase Ventures, Haun Ventures, Jump Crypto, and Paxos.
- The company reports processing over $10 billion in cross-border volume.
Trace Finance aims to integrate stablecoins with local banking infrastructure to facilitate enterprise-level transactions across regions like Brazil and the US. The focus is on bridging fiat currencies with digital assets through regulated channels.
This $32 million investment underscores the growing institutional interest in stablecoin utility beyond issuance, highlighting its potential for payment and settlement applications globally. (Source)
