Funding round targets expansion amid rising global stablecoin adoption and regulatory clarity in key markets.
Trace Finance raised $32M to expand its cross-border stablecoin settlement infrastructure. The funding comes as stablecoin market capitalization reaches $315 billion, driven by growing institutional and regulatory interest in digital asset payments.
Recent months saw accelerated policy discussions, including Hong Kong’s Stablecoin Ordinance and China’s cautious monitoring of stablecoin risks. The PBOC’s shift toward observational remarks contrasts with earlier warnings about illicit transfers, signaling evolving regulatory approaches.
Competition in stablecoin infrastructure has intensified, with MassPay and Coinbase launching fiat-to-stablecoin payout services. Stripe and Circle also expanded offerings, reflecting demand for faster, lower-cost cross-border transactions.