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Transak, a leading fiat-to-crypto infrastructure provider, has raised $16 million in funding to expand its stablecoin payments framework. The round was led by Tether and IDG Capital, signaling growing confidence in stablecoins as a global payment solution.
- Transak raised $16M led by Tether and IDG Capital to scale stablecoin payments infrastructure.
- The platform supports 450+ apps across 75 countries, processing $2B+ in transactions (30% stablecoins).
- Regulated in US, UK, EU, and more, with expansions planned for Latin America and Southeast Asia.
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