Trace Finance Raises $32 Million To Expand Global Stablecoin
You are here:Home/Cryptocurrency News/Trace Finance Raises $32 Million to Expand Global Stablecoin Payment InfrastructureTrace Financeraised$32 million in Series A, becoming another significant milestone in. . .
You are here:Home/Cryptocurrency News/Trace Finance Raises $32 Million to Expand Global Stablecoin Payment InfrastructureTrace Financeraised$32 million in Series A, becoming another significant milestone in its journey, since the increasing demand for payment infrastructure that uses stablecoins is on the rise globally. This round of investment was spearheaded by CoinFund and had contributions from Coinbase Ventures, Jump Capital, and Paxos. As per the firm, the additional funding will enable the firm to scale its operations in the field of cross-border payments. Trace Finance Hits $10 Billion VolumeTrace Finance develops back-end technology connecting stablecoins with conventional bank and foreign exchange systems. Its platform allows cross-border transactions within Latin America by enabling companies to switch between digital currency and local currency. Trace Finance has handled more than $10 billion worth of transactions. Now that the company has secured this new capital, it will be expanding into the US and the Asia Pacific region for smoother transactions. In 2022, Trace Financeraised$4. 3M in seed funding from HOF Capital, Circle Ventures, and Mantis VC. Notably, HOF Capital is among the firms behind Trace Finance’s latest series A investment, showing trust in its future success. Also Read |SUI Price Breakout Signals Bullish Reversal Toward $0. 97 ResistanceStablecoin Growth Supports Trace Finance ExpansionWith regards to recent financing, companies such as Trace Finance have been benefiting from the shift toward regulated stablecoin infrastructure around the world since banks are more frequently integrating blockchain technology into their payment systems. It is also important to mention regulations. The GENIUS Act, which wasenactedin the United States in July 2025, became the catalyst for wider discussions regarding stablecoin regulations. The Stablecoin Ordinance was enacted in Hong Kong in August 2025, with licenses now being granted by the jurisdiction to the qualified firms. Chinese authorities, such as Wang Xin from the PBOC, arefollowingcarefully the potential impact of stablecoins on international payments. In addition to this, other organizations such as Trace Finance are equally engaged in this rapidly expanding sector. The international payments company MassPay recentlycollaboratedwith Coinbase to offer international transfers using stablecoins, thereby facilitating the conversion between fiat money and digital coins. Some of the other companies making a mark here are Stripe, whichboughtBridge in 2025, and Circle, whichestablishedCircle Payments Network to ensure real-time payments between banks, payment companies, and digital wallets. For Trace Finance, this increasing competition represents both opportunities and challenges as it builds out its global infrastructure. Also Read |Dogecoin Price Holds Key Support, Setting Up Potential Rally to $0. 095AboutZagham AbbasZagham Abbas is a Blockchain Infrastructure Reporter at Tron Weekly with over five years of experience covering cryptocurrency markets, blockchain infrastructure, and digital asset regulation. His reporting focuses on core blockchain networks, protocol-level developments, decentralized finance ecosystems, and major assets such as Bitcoin, Ethereum, and altcoins. Zagham covers network upgrades, protocol changes, scalability developments, security incidents, and ecosystem adoption across leading blockchain platforms. He also provides market analysis, explaining how infrastructure updates and regulatory actions impact digital asset markets. His work delivers clear, fact-based reporting for both beginners and experienced readers. He holds a Bachelor of Arts degree and follows strict editorial and fact-checking standards at Tron Weekly.