Two major fintech payment infrastructure startups secured Series A funding in mid-June 2026, highlighting a growing investor conviction that stablecoin rails are becoming essential financial plumbing for global commerce. Switzerland-based Range raised an oversubscribed $8.3 million Series A, bringing its total funding to $11 million, while Colombia-based El Dorado closed a $9 million Series A led by Paradigm with participation from Coinbase Ventures and Verda.
What Happened
Range announced its $8.3 million Series A on June 18, 2026, led by investors including Sixthirty Ventures. The platform provides unified stablecoin and fiat compliance infrastructure, offering real-time ledger capabilities that combine traditional banking rails with on-chain settlement. Range claims to track 99.41% of stablecoin payment activity across more than 200 networks and over 100 stablecoins, protecting more than $30 billion in on-chain assets. The company has processed over five million transactions since its 2022 founding.
El Dorado announced its $9 million Series A on June 15, 2026, led by Paradigm with Coinbase Ventures and Verda participating. The company operates a cross-border payments SuperApp for Latin America, enabling domestic and cross-border transactions through stablecoin rails with connections to over 70 local payment methods across the region. El Dorado positions itself as Latin America's stablecoin-powered payments platform, addressing the region's persistent cross-border payment inefficiencies.
Why It Matters
The combined $17.3 million in June funding rounds reflects a broader market shift. Stablecoin infrastructure settled approximately $48 trillion in transactions between 2024 and 2025, according to Bridge data. Business-to-business stablecoin payments in emerging markets grew 733% year-over-year, with 71% of Latin American firms already using stablecoins for cross-border settlement. Traditional banks in Latin America are cutting cross-border payment costs by 30-50% by adopting stablecoin rails, according to Polygon Technology research.
Range's focus on compliance — real-time screening, on-chain risk controls, and unified ledger management — addresses a critical barrier to institutional stablecoin adoption. El Dorado's consumer-facing SuperApp approach targets the remittance and cross-border commerce market in a region where capital controls and weak local currencies create urgent demand for efficient alternatives.
What's Next
Industry analysts project stablecoins could represent 3% of all U.S. dollar payments in 2026 and reach 10% by 2031. The GENIUS Act — signed into U.S. law on July 18, 2025 — already provides the federal rulebook for stablecoin issuers and payment platforms, and marked its first anniversary this July. Range plans to use its Series A capital to expand its engineering and go-to-market teams while extending coverage across more blockchain networks. El Dorado aims to scale its Latin American cross-border payments app and deepen its stablecoin integration.
August 2026 Update: GENIUS Act Turns One, Stablecoin Rails Keep Scaling
The U.S. rulebook is no longer "coming" — it is here. The GENIUS Act marked its first anniversary on July 18, giving issuers and payment platforms a full year of federal clarity. California's Digital Financial Assets Law became operative July 1, adding state licensing to the compliance stack that platforms like Range must navigate.
The market kept growing through July. USDC alone reached USD 71.8 billion in circulation by July 30, and total stablecoin transaction volume hit a record USD 1.79 trillion in June — validating the infrastructure bet behind both rounds below. Asia crossed 120 million agentic payments on July 20, another sign that programmable settlement is going mainstream.
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