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 legislative framework in the United States may provide further regulatory clarity for stablecoin issuers and payment platforms. 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.