Stablecoin cross-border payment company Latitude completes $8 million funding round, led by NEA

2026-03-31 14:46:15

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ChainCatcher message. According to Fortune, stablecoin cross-border payments company Latitude announced the completion of a $8.0 million funding round, led by NEA, with participation from Lightspeed Faction, Coinbase, Paxos, and the Solana Foundation.

Latitude’s main product is what it calls global payments. The product allows U.S. businesses to make payments to individuals in more than 50 countries. When an American company sends dollars through Latitude, the startup’s network first converts the dollars into a stablecoin, and then converts it into the recipient’s local currency.

The three co-founders previously worked at companies including Uber, Coinbase, Meta, and Stripe. They said that their experience in crypto, technology, and payments made them realize the importance of efficient global capital flows.

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