Latitude, a cross-border payments startup, recently raised $8 million in funding. The round was led by renowned venture capital firm NEA, with participation from a strong lineup of investors including Lightspeed Faction, Coinbase, Paxos, and the Solana Foundation. Latitude's core business focuses on global payment solutions. The platform uses stablecoins as an intermediary to help US businesses send funds to recipients in over 50 countries worldwide. The system automatically handles the conversion from USD to stablecoins and then to local fiat currency. The founding team boasts a strong background, with three members previously working at industry giants such as Uber, Meta, Coinbase, and Stripe. They plan to leverage their deep expertise in payments and crypto to further optimize the efficiency of cross-border fund transfers.