PANews reported on March 31 that Latitude, a cross-border payments startup founded by former Stripe and Coinbase employees, announced the completion of an $8 million funding round. The round was led by NEA, with participation from Lightspeed Faction, Coinbase, Paxos, and the Solana Foundation. Latitude's core product, "Global Payouts," targets US businesses, supporting payments from USD to personal accounts in over 50 countries via stablecoin links. It enables automatic conversion from USD to stablecoin to local fiat currency and already serves content creator platforms like Zencastr. The company also provides stablecoin deposit infrastructure for crypto-native applications such as prediction markets, helping them convert local currencies into stablecoins in markets like Mexico and the Philippines. Currently in its testing phase, Latitude profits through transaction fees. The team consists of 11 people, and they consider traditional banks' SWIFT-based foreign exchange payments their main competitor.