Techub News reported that stablecoin payment company Trace Finance has completed a $32 million Series A financing round. The round was led by CoinFund, with Coinbase Ventures, Haun Ventures, Jump Capital and Chainlink Labs joining as participating investors.
Funding to support expansion across key regions
Trace Finance said the newly raised capital will be used to expand its presence in Latin America, the United States and the Asia-Pacific region. Founded in 2022 and headquartered in New York, the company focuses on infrastructure connected to stablecoin payments and cross-border settlement.
According to the disclosed information, Trace Finance provides infrastructure connections between banks and stablecoin settlement networks. The company has processed more than $10 billion in cross-border transaction volume and serves as a major settlement partner for global payment companies including dLocal.