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Crypto

Trase Finance raises $32 million in Series A to expand cross-border stablecoin payments

Trase Finance raised $32 million in a Series A round. CoinFund led the investment, with participation from Coinbase Ventures, Jump Capital, Paxos and HOF Capital, Cointelegraph reported on June 17. Trase Finance provides banking connectivity, foreign exchange and stablecoin settlement infrastructure for cross-border payments in Latin America. Its cumulative processed transaction volume has exceeded $10 billion. The company plans to use the funds to expand into the United States and Asia-Pacific.

Crypto

Hollywood star Matt Damon to take stage at Ripple Swell to discuss RLUSD and water crisis

Hollywood actor Matt Damon will take the stage at Ripple’s Swell conference in New York in October. U.Today reported the event will run from Oct. 27 to 29, with Damon set to discuss cross-border stablecoin payments and access to clean water. Ripple is highlighting RLUSD and social impact collaboration linked to Water.org, which Damon co-founded with Gary White. The agenda also ties payments infrastructure to water access.

Crypto

Eldorado raises $9 million in Series A led by Paradigm to target Latin America cross-border payments

Venture capital firm Paradigm led a $9 million Series A funding round for Eldorado, a Latin America cross-border payments app, The Block reported on June 16. Coinbase Ventures and Verda Ventures also participated, the report said. Paradigm investment and research partner Ricardo de Arruda said cross-border payments in Latin America are an underappreciated opportunity, with more than $100 billion moving across borders annually despite slow and costly infrastructure.