Trace Finance raises $32M to expand stablecoin settlement rails

**Trace Finance Secures $32M for Regulated Stablecoin Banking Expansion**

Trace Finance raised **$32 million** in a Series A led by CoinFund to scale its regulated banking and **stablecoin** settlement infrastructure across Brazil, the US, APAC, and other emerging markets.

The round drew participation from Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, Chainlink Labs, and SNZ Capital.

The company connects local bank rails with stablecoin transactions — including Brazil’s Pix system — to enable compliant, bank-grade cross-border settlement. The goal: bridge fiat endpoints with digital dollars.

Trace reports over **$10 billion** in processed cross-border volume. The figure is self-reported and not independently audited.

Latin America remains a key testing ground for stablecoins, with Brazil offering high payment volumes, Pix adoption, strict FX rules, and an active fintech ecosystem. Trace’s US–Brazil payment corridor success is now being expanded internationally.

Rising competition is visible as exchanges, payment processors, banks, and fintech firms aim to control the bridge from on-chain liquidity to local banking systems.

Stablecoins are moving beyond issuance toward distribution and real-world utility — payroll, vendor payments, treasury management, and regulated FX settlement. Trace positions itself to build that operational bridge, with compliance and banking relationships at its core.

Source: Business Wire
Stablecoin reference: USDT