According to The Block, Latin American cross-border payment app El Dorado has completed a $9 million Series A funding round, led by Paradigm, with participation from Coinbase Ventures and Verda Ventures. El Dorado primarily serves the Latin American cross-border payment market, currently with over 100k active users and a total of more than 5 million transactions processed. The company also launched an enterprise-focused cross-border payment service, integrating stablecoin and fiat payment channels, built on the Layer 1 network Tempo incubated by Paradigm and Stripe.

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