Cross-Border Stablecoin Infrastructure Firm Latitude Raises $35 Million in Series A

Latitude, a cross-border stablecoin payment infrastructure company, raised $35 million in a Series A funding round led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Founded by former executives from Stripe, Uber, Coinbase, and Meta, the company facilitates fiat payments to emerging markets via stablecoins. Latitude is licensed in 45 US states and plans to expand its regulatory footprint into Southeast Asia, Latin America, and Africa.