LATITUDE BUILDING LOCAL STABLECOIN OFF-RAMPS

Summary from the TLDR Crypto newsletter

Latitude routes stablecoins to local payment rails and holds 39 US money transmission licenses plus FinCEN registration, with SOC 2 Type II completion targeted for Q4. Payout services are live in Argentina, Brazil, Colombia, Mexico, the Philippines, India, and most of Europe, with beta expansion across Latin America, Southeast Asia, and several African markets underway. The raise lands as stablecoin payment infrastructure consolidates around well-capitalized players, including Circle's $400 million acquisition of Tazapay, Privy's Stripe fiat on-ramp partnership, and Deel's DLUSD wallet rollout to 80+ countries.