Trace Finance secures $32M Series A to scale stablecoin cross-border payment infrastructure
The funding round arrives amid growing global regulatory frameworks for stablecoins and increased corporate investment in systems bridging cryptocurrency payments with conventional banking infrastructure.
Cross-border stablecoin settlement infrastructure provider Trace Finance has secured $32 million through a Series A investment round with CoinFund serving as lead investor.
The funding round saw participation from notable investors including Coinbase Ventures, Jump Capital and Paxos, according to a Wednesday announcement the firm shared with Cointelegraph.
The company operates banking, foreign exchange and stablecoin settlement solutions designed for cross-border payment systems throughout Latin America. Trace Finance reports having facilitated over $10 billion in total transaction volume and intends to deploy the newly acquired funds toward geographic expansion into LatAm, United States and Asia-Pacific territories.
This capital injection arrives during a period when stablecoin settlement systems are increasingly being integrated into regulated financial frameworks, with numerous firms competing to bridge blockchain-enabled payment platforms with domestic banking infrastructure and foreign exchange systems.
Previously in 2022, Trace Finance completed a $4.3 million seed funding round with HOF Capital as the lead investor, alongside contributions from Circle Ventures and Mantis VC, the investment firm co-established by electronic music duo The Chainsmokers. HOF Capital returned as a participant in the company's latest Series A investment round.
Stablecoin regulation drives cross-border payments push
Global policy conversations surrounding stablecoins gained significant momentum following US President Donald Trump's signing of the GENIUS Act into law during July 2025.
This legislative action triggered broader conversations regarding stablecoin regulatory frameworks across multiple jurisdictions that are formulating their individual digital asset approaches. Hong Kong rolled out its Stablecoin Ordinance during August 2025 and has most recently issued its inaugural group of licenses.
During Wednesday proceedings, Wang Xin, an official with the People's Bank of China (PBOC), indicated that regulatory authorities are carefully observing the potential impact of stablecoins on the global monetary system and international payment flows.
The statements from Wang reflected a more measured tone compared to remarks delivered by PBOC Governor Pan Gongsheng during October 2025, during which Pan characterized stablecoins as carrying substantial risks and being susceptible to exploitation for illegal cross-border fund movements.
Concurrent with advancing stablecoin regulatory developments worldwide, commercial sector companies have similarly intensified their initiatives to construct infrastructure supporting international payment systems.
The previous Thursday saw cross-border payout service provider MassPay announce a collaboration with Coinbase to deliver stablecoin-enabled international payout capabilities. Both organizations stated the offering would enable clients to transition seamlessly between traditional fiat currencies, USDC and additional digital assets while simultaneously cutting costs and accelerating settlement timeframes.
Additional financial infrastructure service providers have likewise broadened their stablecoin-related product portfolios. Payment processor Stripe completed its acquisition of stablecoin infrastructure startup Bridge during 2025, whereas Circle introduced its Circle Payments Network in May 2025 to facilitate connections between banking institutions, payment service providers and digital wallet platforms for instantaneous cross-border settlement utilizing stablecoins.