CoinVoice has recently learned that according to CoinDesk, Web3 payment infrastructure company Transak has announced the completion of a new round of financing amounting to $16 million, led jointly by IDG Capital and Tether, with participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures.

Transak plans to use this funding to expand its stablecoin payment stack and enter new markets. [Original link]