Paradigm has made its first investment in Brazil, backing stablecoin startup Crown with $13.5 million as the firm expands its presence in emerging crypto markets. Crown is building a compliance-focused stablecoin infrastructure aimed at improving payments, settlements and digital commerce across Latin America, where demand for dollar-linked assets is rising. The funding will support product development, regulatory engagement and regional partnerships as Crown positions itself against global stablecoin issuers. Paradigm’s move signals growing VC interest in Latin America’s fast-evolving digital asset ecosystem.
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