Stablecoin payment infrastructure Trace Finance raises $32 million in Series A funding, led by CoinFund
Svmuu News: Trace Finance, a stablecoin payment infrastructure provider, announced the completion of a $32 million Series A funding round led by CoinFund, with participation from Coinbase Ventures, and others.Trace Finance plans to use the funds from this round to expand its operations in Latin America and the Asia-Pacific region and to pursue additional licensing applications. The company stated that it has processed more than $10 billion in institutional cross-border transaction volume to date. (The Block)
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