Trace Finance Raises $32 Million for Stablecoin Infrastructure Offering

Cross-border payments/stablecoin settlement infrastructure company Trace Finance has raised $32 million in new funding. The Series A financing, announced Wednesday (June 17), will help Trace deepen its product capabilities in areas like foreign exchange (FX), compliance and stablecoin settlements and expand within “priority jurisdictions” such as Brazil, the U.S. to Brazil was the proving ground for Trace’s broader vision,” the company said in a