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Stablecoin payment infrastructure company Trace Finance has completed a $32 million Series A funding round, led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, HOF Capital, and others. Trace Finance co-founder and CEO Bernardo Brites said the company’s valuation has grown by about 10 times since its 2022 seed round, though the specific valuation was not disclosed. The funds will be used to expand its stablecoin payment infrastructure platform and further its business rollout in Latin America and the Asia-Pacific region. (The Block)