Trace Finance Raises $32M To Expand Stablecoin Settlement Rails

Trace Finance announced a $32 million Series A led by CoinFund, positioning the raise around regulated banking and stablecoin settlement infrastructure across Brazil, the US and emerging markets.TL;DRTrace Finance raised $32 million in a Series A led by CoinFund.The company is building regulated infrastructure that connects local bank rails with stablecoin settlement.Investors include Coinbase Ventures, Haun Ventures, Jump Crypto, Paxos and others.The company’s $10 billion processed-volume