Stablecoin infrastructure firm Trace Finance raises $32 million Series A, says valuation grew 10x from seed

60-second summary

Trace Finance, a stablecoin infrastructure firm, raises $32 million in Series A funding, led by CoinFund, with participation from prominent investors including Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, and Chainlink Labs. The valuation has grown 10x from its seed round, indicating significant investor confidence in the company's prospects, bolstering the stablecoin ecosystem.