CoinFund, Coinbase Back Stablecoin Payments Startup Trace Finance in $32 Million Raise

60-second summary

Trace Finance, a stablecoin infrastructure firm backed by CoinFund and Coinbase, raises a $32 million Series A round to expand its reach, solidifying its position in the rapidly growing stablecoin market. This significant funding will likely fuel further adoption and development of its stablecoin payments infrastructure, driving growth in the crypto payment ecosystem.