Trace Finance, a stablecoin payment infrastructure company, has successfully closed a $32 million Series A funding round. The round was led by CoinFund, with additional participation from Coinbase Ventures and other investors. The company announced that its valuation has surged nearly tenfold since its seed round in 2022, reflecting significant growth and investor confidence in its platform.
Trace Finance Secures $32 Million in Series A Funding Led by CoinFund
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