What to know:
- Trace Finance raises $32 Million Series A funding round successfully completed.
- Funding enables expansion into the US and Asia-Pacific markets for cross-border payments growth.
- Stablecoin competition intensifies as Stripe Circle and others expand globally rapidly, increasing.
Trace Finance raised $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 Volume
Trace 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 Finance raised $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.
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Stablecoin Growth Supports Trace Finance Expansion
With 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 was enacted in 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, are following carefully 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 recently collaborated with 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, which bought Bridge in 2025, and Circle, which established Circle 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.
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