$32M Funding Boost for Trace Finance's Cross-Border Stablecoin Settlements

Trace Finance has secured $32 million in a Series A funding round led by CoinFund to scale its stablecoin settlement infrastructure for cross-border payments. The company, which has processed over $10 billion in transaction volume to date, plans to use the new capital to expand its services across Latin America, the United States, and Asia-Pacific.

The round underscores a broader shift underway in crypto payments: stablecoins are increasingly being treated not just as an on-chain asset, but as part of regulated, bank-connected settlement rails for cross-border transfers. This approach is gaining traction globally, with regulatory momentum shaping how quickly stablecoin services can become mainstream.

Trace Finance positions itself as infrastructure rather than a consumer app: it aims to help businesses move money across borders by connecting traditional financial functions with stablecoin-based settlement. The company's platform supports banking and foreign exchange alongside stablecoin transfers, targeting the persistent pain point in international payments - slow settlement and friction between payment systems.

Investors are attracted to Trace Finance because its approach addresses the integration challenge of bringing stablecoins closer to conventional finance. The company's capital raise arrives at a time when stablecoin settlement is trending toward regulated frameworks, with more players trying to connect stablecoins to conventional finance in ways that can clear legal and operational requirements.