Latitude secures $35 million in funding for local stablecoin off-ramps

Latitude has raised $35 million in a funding round led by Oak HC/FT, with participation from NEA, Coinbase Ventures, Lightspeed Faction, and OpenFX, bringing its total capital to $43 million. The company currently operates across 45 U.S. markets through a combination of money transmission licenses, state registrations, and no-action letters.