Trace Finance raises $32 million Series A to expand stablecoin settlement infrastructure across Latin America and Asia-Pacific

Trace Finance raised $32 million in a Series A led by CoinFund to expand its stablecoin settlement infrastructure beyond Brazil into broader Latin American and Asia-Pacific markets. The round included Coinbase Ventures, Paxos, and Chainlink Labs. The company said it will use the capital to strengthen its stablecoin infrastructure in partnership with local banking systems across those regions.