[Paradigm Leads $9 Million Funding Round for El Dorado, Boosting Latin American Cross-Border Payment Infrastructure] According to The Block, venture capital firm Paradigm led a $9 million Series A funding round for Latin American cross-border payment app El Dorado, with participation from Coinbase Ventures and Verda Ventures. El Dorado stated that the scale of Latin American cross-border payments is approaching $1 trillion, primarily consisting of remittances from the U.S. to Latin America, with approximately 60% related to B2B trade payments. The company focuses on 'internal corridors' not covered by traditional major players, such as Brazil-Bolivia, and has over 100,000 active users, processing more than 5 million transactions. El Dorado has also launched a cross-border payment service for enterprises, integrating stablecoin and fiat currency channels, and has served over 100 companies, primarily for importing electric vehicles from China.