Transak

🚀 Transak Bags $16M from Tether & IDG to Scale Global Stablecoin Payments

Transak has just raised $16 million, co-led by Tether and IDG Capital, to expand its stablecoin payments infrastructure into emerging markets like Latin America, Southeast Asia, and the Middle East. Trusted by 450+ apps and processing $2B+ in volume (roughly 30% in stablecoins), Transak is positioning stablecoins as the new rails of value transfer—powered by compliance systems, KYC, banking integrations, and a developer-friendly API stack.

$USDT – Backed by Tether’s strategic investment.
$USDC – The other major stablecoin partner in fiat-to-crypto onramps.
$BNB – A go-to token in Binance’s ecosystem for seamless payments.

Your Take?



Is this firm infrastructure-building pushing stablecoins into everyday commerce—or are legal and operational challenges still holding back mass adoption?

#Stablecoins #CryptoPayments #fintech #Transak #CryptoInfrastructure

Transak raises $16M in a Strategic funding round

#Transak secures $16M in a Strategic funding round co-led by IDG Capital and Tether, with participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures. Transak will use the funds to grow its stablecoin payments stack and expand into new markets.

Transak is a developer integration that acts as a fiat-to-crypto payment gateway, enabling users to buy and sell cryptocurrencies directly within apps, websites, and web plugins.

👉coindesk.com/business/2025/08/12/transak-raises-usd16m-from-idg-capital-tether-to-scale-stablecoin-payment-network