Stablecoin payment infrastructure company Trace Finance completes $32 million Series A funding round, led by CoinFund

Odaily reported that stablecoin payment infrastructure company Trace Finance has completed a $32 million Series A funding round, led by CoinFund, with participation from Coinbase Ventures and others. Trace Finance plans to use the funds to expand its operations in Latin America and the Asia-Pacific region, and to advance more license applications. The company stated that it has processed over $10 billion in institutional cross-border transaction volume. (The Block)