According to The Block, Coin World News reports that el dorado has completed a $9 million Series A funding round, led by paradigm, with Coinbase Ventures and Verda Ventures participating. The funds will be used to expand Latin America’s cross-border payment infrastructure. el dorado covers internal corridors such as Brazil and Bolivia, with more than 100,000 active users and over 5 million transactions processed. The company has launched an enterprise-focused cross-border payment service that integrates stablecoins and fiat currency rails, and has served more than 100 businesses.

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AirdropCheatSheet
· 3h ago
100,000 users, 5 million transactions—el dorado’s data has really come through in the cross-border space. Congratulations!
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ShellsLeftBehindByTheReceding
· 3h ago
Coinbase Ventures has also followed suit—seems like a consensus among North American institutions on stablecoin payments in Latin America is taking shape.
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LittleSunOfStainedGlass
· 3h ago
Series A is only 9 million, I can't even imagine the valuation, but the internal corridor in Latin America is indeed a significant pain point.
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PfpArchaeologist
· 3h ago
From Brazil to Bolivia, traditional SWIFT is slow and expensive, and local solutions like El Dorado are indeed a necessity.
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PaperHandsPro
· 3h ago
Paradigm's move to target Latin American payments with a dual-track approach of stablecoins and fiat currency is brilliantly executed.
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