🚀 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