Trace Finance raises $32M in Series A funding

Stablecoin payment infrastructure company Trace Finance announced it has raised a $32 million Series A funding round with participation from investors including CoinFund and Coinbase Ventures. The company plans to use the funds to expand its business into Latin America and the Asia-Pacific (APAC) region and to accelerate its efforts to acquire additional global licenses. Trace Finance also stated that it has processed over $10 billion in cumulative institutional cross-border transactions to date.