PANews, June 17: According to The Block, stablecoin payment infrastructure company Trace Finance has announced the completion of a $32 million Series A funding round aimed at expanding its operations in Latin America and the Asia-Pacific region. The round was led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, HOF Capital, and other investors.
Stablecoin payment infrastructure firm Trace Finance closes $32M Series A round led by CoinFund.
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Summary
Stablecoin payment infrastructure firm Trace Finance has closed a $32 million Series A round led by CoinFund. The funding announcement marks a key step in its expansion into Latin America and the Asia-Pacific region. Investors include Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, and HOF Capital. The crypto news underscores growing interest in stablecoin infrastructure as the company scales its operations.
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