Latitude Secures $35 Million to Link Stablecoins and Payments

Latitude just raised $35 million in a Series A funding round to help stablecoins talk to local payment systems. Oak HC/FT led the investment, with backing from Coinbase Ventures, NEA, Lightspeed Faction, and OpenFX. This influx of capital gives the team the resources needed to expand its network across different regions.

The core goal is to fix the gap between digital assets and the money people use every day. By building connections to local payout rails, Latitude aims to make settling transactions in stablecoins as easy as a regular bank transfer. The company plans to spend the funds on getting necessary financial licenses and setting up direct links with local payment providers.

This move matters because it makes crypto more useful for real world spending. If stablecoins can settle directly into local bank accounts, businesses can move money across borders without waiting days for legacy systems. Traders should watch how quickly Latitude can roll out these connections in key global markets over the coming months.