CoinFund, Coinbase Back Stablecoin Payments Startup Trace in $32 Million Raise

Crypto Insight Summary: ]( English Sign Up * * * * * * $65,204.00 -0.65% $1,766.62 -1.45% $607.20 0.14% $1.21 -1.12% $0.999676 -0.01% $73.30 -0.58% $0.320594 1.22% $1.021 -1.03% $73.29 0.62% $0.086781 -0.58% $0.99974 0.00% $0.01459755 3.20% $9.69 -0.42% $497.17 -0.71% $0.224966 2.38% $53.93 0.09% $0.164128 0.69% $0.16925 -2.78% $334.62 -3.86% $8.20 -0.77% $1.00 0.06% $0.999194 -0.01% $1.66 -0.81% $214.62 -1.79% $12.96 3.34% $2.96 -5.21% $0.081074 0.41% $45.43 -0.02% $0.794202 0.38% $1.13 0.00% $2.31 -0.28% $6.87 0.25% $0.00000498 0.05% $1.00 0.01% $0.05979 -0.50% $0.999874 0.01% $4,250.77 -1.59% $253.27 0.90% $1.00 0.00% $0.658246 0.06% $1.13 -0.27% $3.26 1.90% $0.738137 12.95% $0.061429 1.79% $4,260.90 -1.62% $0.377206 2.58% $0.549139 -1.31% $1.023 1.29% $1.00 0.01% $74.06 -2.58% $0.00000172 1.85% $0.994266 0.06% $0.131713 -2.93% $0.999317 -0.00% $0.058492 2.42% $2.40 1.19% $0.999146 -0.01% $1.81 -0.95% $1.95 0.09% $0.00000296 0.11% $7.37 -0.04% $75.73 -0.23% $70.98 -0.81% $1.97 -1.33% $0.999798 0.01% $11.12 0.01% $107.07 0.00% $7.24 0.71% $1.21 -0.78% $1.00 0.05% $1.71 -0.87% $0.099024 4.98% $0.03191845 -2.43% $0.093688 7.30% $1.11 0.01% $0.077409 0.25% $0.8222 0.86% $0.03339294 -6.33% $16.05 4.82% $6.79 -0.96% $0.082 157 0.44% $14.78 -19.76% $1.038 -0.00% $0.672981 0.26% $0.00765712 -1.58% $0.192463 0.26% $0.810205 1.84% $0.079847 -0.17% $0.03014343 -0.20% $0.998694 -0.03% $0.676231 1.06% $0.999911 -0.01% $0.0869 1.80% $0.998812 0.00% $5.53 -2.82% $1.16 -0.62% $0.00151279 -1.07% $0.01313809 -2.20% $0.03079199 -7.51% $0.999323 -0.00% $0.998221 -0.01% $0.507557 7.09% $3.88 3.44% $115.59 0.01% $37.29 0.37% $1.64 -33.11% $0.206549 -0.75% $1.83 3.98% $0.00856479 -1.13% $1.92 1.47% $0.0071575 0.22% $1.38 -1.59% $0.00506714 -2.95% $1.15 -0.80% $0.184565 -1.95% $0.00000477 -0.56% $0.447634 13.93% $0.617113 -1.54% $0.00007356 4.04% $1.043 0.00% $0.916785 -2.84% $0.40338 5.71% $0.055278 2.76% $0.238799 -0.48% $0.196925 -32.52% $0.193232 0.54% $0.383034 12.09% $0.729819 -9.84% $0.998125 0.01% $0.04204709 -1.62% $0.34171 -22.65% $138.36 -0.42% $0.01715168 1.76% $0.04025176 2.12% $0.121211 31.36% $0.472179 0.22% $0.117363 -3.94% $105.58 -0.76% $0.245288 0.58% $0.051016 7.06% $1.057 -5.03% $68.36 -2.08% $0.00000027 0.13% $0.00000027 -0.20% $0.00266843 -0.43% $0.075666 4.73% $0.02208416 -4.33% $0.02440222 0.10% $0.00002625 0.84% $1.47 5.74% $0.999907 -0.02% $12.35 -1.64% $0.00500093 1.90% $0.117329 -4.04% $0.825295 0.82% $0.284705 3.14% $16.18 0.55% $0.990634 -0.02% $0.00251757 -1.98% $0.108867 1.09% $0.03549793 -0.43% $0.227908 0.05% $0.227491 -5.76% $0.00000107 -0.35% $0.03805253 -0.94% $65.10 1.98% $0.999778 -0.02% $0.076479 3.46% $5.41 0.42% $0.983087 0.00% $0.04805007 -0.24% $0.01973579 -0.33% $12.22 -2.51% $0.99926 -0.01% $0.062395 -1.25% $1.00 0.00% $0.724742 6.79% $1.001 0.43% $1.11 0.05% $0.999038 0.02% $2,177.61 -0.79% $1.23 -2.27% $0.00000306 0.93% $1.11 -0.76% $1.005 -0.94% $17.73 0.48% $2.02 -0.90% $0.143098 2.75% $0.17077 1.71% $1.087 0.01% $1.083 -0.02% $0.405481 -1.13% $0.624904 0.35% $1.81 1.21% $2.86 -2.18% $0.163957 1.56% $0.06719 -3.75% $1.00 0.00% $2.30 1.09% $0.362496 -0.28% $0.164866 -1.36% $0.00413763 1.83% $0.213353 0.80% $0.994863 0.09% $9.80 -0.77% $0.99784 3 0.02% $1.20 0.18% $1.00 0.00% $0.41942 1.77% $0.053168 -0.03% $0.336172 -22.42% $1.011 0.01% $0.413287 -5.14% $0.138118 2.43% $0.091911 1.17% $1.15 -0.85% $0.070053 1.05% $0.99932 -0.07% $0.00123988 20.44% $95.54 -2.60% $1.00 0.00% $0.132952 3.96% $2.01 -0.19% $0.00271289 0.31% $0.127717 1.12% $0.056986 -11.22% $0.103136 0.30% $0.03412048 -0.35% $1.37 -1.88% $0.130652 0.32% $0.250244 -1.59% $0.498886 21.51% $0.35543 1.71% $0.03270496 1.04% $0.147002 0.63% $0.290778 0.34% $1.024 -0.09% $0.074835 3.10% $0.54549 3.89% $0.01691283 -16.22% $0.999258 -0.05% $0.995478 -0.73% $83.76 3.57% $0.999458 -0.05% $0.01196973 4.34% $0.997581 -0.08% $1,100.13 0.06% $1.00 0.00% * * * Reading CoinFund, Coinbase Back Stablecoin Payments Startup Trace in $32 Million Raise * * * By Edited by Jun 17, 2026 Jun 17, 2026 2 min read Source: Decrypt Create an account to save your articles. [Add on Google](https://www.google.com/preferences/source?q=decrypt.co) Add Decrypt as your preferred source to see more of our stories on Google. * Trace Finance raised a $32 million Series A round led by CoinFund, with backing from Coinbase Ventures, Haun Ventures, and more. * The funding comes as Brazil reclassifies cross-border crypto flows as foreign-exchange operations, pushing institutional volume toward bank-grade providers like Trace. * The company plans to use the funds to expand beyond its U.S.-Brazil corridor into other Latin American markets, the U.S., and Asia-Pacific. Trace Finance, a financial infrastructure company that links banks in Brazil and the United States to stablecoin settlement networks, [said Wednesday](https://www.businesswire.com/news/home/20260617597265/en/Trace-Finance-Raises-%2432M-Series-A-Led-by-CoinFund-to-Scale-Regulated-Banking-and-Stablecoin-Infrastructure-Across-Brazil-U.S.-and-Emerging-Markets) that it has raised $32 million in a Series A funding round led by CoinFund, with backing from Coinbase Ventures, Haun Ventures, Jump Capital and several other crypto-focused investors. The raise comes as Brazilian regulators reclassify cross-border crypto transfers as foreign-exchange operations, a shift that is pushing institutional money away from unregulated crypto platforms and toward licensed, bank-grade intermediaries—the niche Trace has built its business around. The New York-based company says it has processed more than $10 billion in cross-border transaction volume and has become a primary settlement partner for several major global payment firms operating in Latin America, including the Uruguay-based payments company dLocal. [Markets](https://decrypt.co/news/markets) 3 min read André Beganski Jun 17, 2026 Jun 17, 2026 Create an account to save your articles. Crypto Insight Analysis: Direction: Bullish GT / Neutral BTC / Neutral ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Stablecoin infrastructure funding boosts regulated platforms but limited direct market impact.