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      Stablecoin payments infrastructure startup Latitude has raised $35 million in a Series A

      THE BLOCK: Stablecoin payments infrastructure startup Latitude has raised $35 million in a Series A led by Oak HC/FT, bringing its total funding to $43 million. NEA, Coinbase Ventures, Lightspeed Faction, OpenFX and Wilson Sonsini also participated.Latitude connects stablecoins with local payment rails, allowing businesses to pay contractors, sellers, and employees in local currencies without requiring recipients to use a crypto wallet.

      Source: The Block
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud