Trace Finance Completes $32M Series A Led by CoinFund on June 17

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According to BlockBeats, stablecoin payment infrastructure company Trace Finance completed a $32 million Series A on June 17, led by CoinFund with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, and HOF Capital. The Brazil-based company provides cross-border stablecoin payment infrastructure with local banking connections, FX, compliance, and stablecoin settlement capabilities across the U.S., Brazil, Mexico, Colombia, and Europe. Co-founder and CEO Bernardo Brites noted the company valuation has grown approximately 10 times since its 2022 seed round.
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