Paradigm led a $9 million Series A funding round for Latin American payments platform El Dorado.

Latin America (Argentina, Bolivia, Brazil, Colombia, Costa Rica, Dominican Republic, Ecuador)

Who

Paradigm, El Dorado, Coinbase Ventures, Verda Ventures, Ricardo de Arruda, Guillermo Goncalvez, Josh Itzkovitz

What

When

Mon, 15 Jun 2026 14:35:09 GMT · 1h 38m ago

Where

Latin America (Argentina, Bolivia, Brazil, Colombia, Costa Rica, Dominican Republic, Ecuador) ·

Why

The investment aims to expand stablecoin-powered cross-border transfers and business payment services in underserved Latin American markets, which have slow, expensive, and opaque payment infrastructure for over $100 billion in annual cross-border payment volume.

The Frontline Impact

How this affects you

This investment will boost stablecoin adoption and improve financial infrastructure in Latin America, potentially making cross-border transactions faster and cheaper for businesses and individuals, creating a more interconnected regional economy.

Story chain

1 event in this thread

No related history yet - this is the origin event.

Verified Sources & Citations

Crypto News
https://crypto.news/paradigm-leads-9-million-investment-in-stablecoin-payments-platform-el-dorado/
HIGH

Credibility ratings reflect the AI ingestion pipeline's assessment of source provenance.