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Founded by former Stripe and Coinbase employees, the cross-border payments startup Latitude announced the completion of an $8 million funding round led by New Enterprise Associates (NEA), with participation from Lightspeed Faction, Coinbase, Paxos, and Solana Foundation. The company's core product is the Global Payouts service, based on stablecoin channels, designed to help businesses achieve faster, lower-cost international transfers while abstracting and encapsulating the underlying stablecoin payment processes to reduce usage barriers. (Fortune)