[Stablecoin Payment Company Latitude Completes $35 Million Series A Financing, Lightspeed Faction Among Investors] Odaily Planet Daily News – Stablecoin payment infrastructure company Latitude announced the completion of a $35 million Series A financing round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude aims to address the 'last mile' challenge of cross-border stablecoin payments by providing infrastructure for businesses to convert stablecoins into local currencies and disburse funds through local payment methods such as bank accounts and mobile wallets. Its current clients include digital banks, payroll platforms, e-commerce marketplaces, and financial institutions. The company had previously raised $8 million in a seed funding round. The new funds will be used to expand its compliance, engineering, legal, and sales teams, as well as to pursue regulatory licenses in markets such as Southeast Asia, Latin America, and Africa. (Fortune)