Trace: $32M Raise Backed by CoinFund, Coinbase

CoinFund and Coinbase led a $32 million round into Trace, a stablecoin payments startup, accelerating blockchain-based settlement tools for enterprises. The funding round highlights continued venture interest in payment rails that bypass traditional banking friction. Trace plans to use the capital to scale its infrastructure across multiple chains while targeting institutional clients seeking faster cross-border transfers. Stablecoin payments startup funding has drawn fresh attention as firms seek compliant on-ramps for digital assets. Crypto venture capital remains selective yet active in infrastructure plays that deliver measurable efficiency gains over legacy systems.