Stablecoin Payment Infrastructure Firm Latitude Raises $35 Million in Series A Funding

Latitude, a stablecoin payment infrastructure company founded by former employees of Stripe, Uber, Coinbase, and Meta, has secured $35 million in a Series A funding round led by Oak HC/FT. Participants included NEA, Coinbase, Lightspeed Faction, and OpenFX. The company focuses on the 'last mile' of cross-border stablecoin payments, enabling businesses to convert stablecoins into local currencies for disbursement via bank accounts and mobile wallets.