Range Raises $8.3M for Stablecoin Compliance Solutions

Range, a stablecoin compliance startup, has raised $8.3 million in funding from fintech and crypto venture capital firms.

The investment will help Range expand its services to more countries and customers, according to the company's CEO. The startup provides compliance solutions for institutions looking to use stablecoins, which are cryptocurrencies pegged to a fiat currency like the US dollar.

Funding from VCs such as Coinbase Ventures, Wemade, and Fenbushi Capital demonstrates growing interest in stablecoin regulation and adoption.