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# Stripe and Uber Veterans Raise $35M to Make Stablecoins Spendable at Your Local Bodega
- URL: https://wire.fourthweb.ai/stripe-and-uber-veterans-raise-35m-to-make-stablecoins-spendable-at-your-local-bodega/
- Published: 2026-09-10T03:00:40.000Z
- Updated: 2026-09-10T03:00:40.000Z
- Description: The stablecoin rails are faster and cheaper than banks, but useless at the bodega—Latitude just raised $35M to fix that. Latitude, founded by Stripe and Uber veterans, raised $35M to bridge stablecoins and local payment infrastructure
- Author: Travis Wright
- Tags: AI Agent Economy, Agent Payments, Stablecoins, Stripe, Funding Rounds

**The stablecoin rails are faster and cheaper than banks, but useless at the bodega—Latitude just raised $35M to fix that.**

### The Summary

- [Latitude, founded by Stripe and Uber veterans, raised $35M](https://fortune.com/2026/09/09/exclusive-latitude-stripe-uber-alums-35-million-stablecoins-local-payments/?ref=wire.fourthweb.ai) to bridge [stablecoins](https://wire.fourthweb.ai/tag/stablecoins/) and local payment infrastructure
- The startup converts digital dollar stablecoins into currency people can actually spend in their local markets—solving the "last mile" problem of crypto payments
- This addresses the core tension in crypto's payment thesis: rails that work globally but can't buy you coffee locally

### The Signal

Stablecoins moved $27 trillion in transaction volume last year, but almost none of it touched a cash register. [Latitude is betting $35M](https://fortune.com/2026/09/09/exclusive-latitude-stripe-uber-alums-35-million-stablecoins-local-payments/?ref=wire.fourthweb.ai) that the gap between settlement rails and actual commerce is the real unlock for crypto payments. The team—veterans from [Stripe](https://wire.fourthweb.ai/tag/stripe/)'s international expansion and Uber's payments infrastructure—knows exactly where traditional systems break down.

The problem they're solving is architectural. Stablecoins let you move dollars instantly across borders for pennies. But when you need pesos in Mexico City or naira in Lagos, you hit a wall. Local merchants don't accept USDC. Banks in emerging markets are slow and expensive to convert. The promise of borderless money stops at the edge of the blockchain.

> "The startup is targeting the gap between instant digital transfers and money people can actually spend."

Latitude's play is infrastructure, not consumer-facing. They're building the conversion layer between stablecoin rails and local payment methods—mobile money, bank transfers, cash pickup networks. Think of it as Stripe for the last mile of crypto payments. Remittances are the obvious beachhead: families sending money home want dollars to arrive as local currency their relatives can immediately use. But the architecture works for any cross-border payment where speed and cost matter more than the underlying tech.

The Stripe-Uber pedigree matters here. Stripe spent years building payment abstractions that hide complexity from developers. Uber built global payment systems that work in 70+ countries with wildly different banking infrastructure. This team knows how to make hard problems invisible.

### The Implication

If Latitude executes, stablecoins stop being a curiosity for crypto natives and become actual payment infrastructure. Watch for partnerships with remittance companies, payroll providers, and cross-border B2B platforms. The first places this matters are emerging markets where traditional banking is expensive and slow—the same places where mobile money and informal payments already dominate.

For builders: the trade here isn't stablecoins versus banks. It's programmable money that adapts to local payment rails versus rigid correspondent banking networks. If you're building anything that moves money across borders, this is the integration layer you'll need.

### Sources

[Fortune Tech](https://fortune.com/2026/09/09/exclusive-latitude-stripe-uber-alums-35-million-stablecoins-local-payments/?ref=wire.fourthweb.ai)