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Trace Finance raised $32 million in a Series A round led by CoinFund, with Coinbase Ventures, Jump Capital, and Paxos participating. The stablecoin settlement infrastructure company has processed over $10 billion in transaction volume and will use the capital to expand across Latin America, the US, and Asia-Pacific.
Stablecoin infrastructure firm Trace Finance raised a $32 million Series A. The company stated its valuation grew 10x from the seed round. The funding will support expansion of its stablecoin payment and settlement platform.
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