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Transak Raises $16M From Tether and IDG Capital to Develop Stablecoin Payments Framework


by Dimitar Popov
for CryptoPotato
Transak Raises $16M From Tether and IDG Capital to Develop Stablecoin Payments Framework

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A pioneering firm in the evolution from TradFi to DeFi in payments has received backing from prominent patrons to continue developing its product.

Backed By Giants

According to a press release shared with CryptoPotato, Transak, a leader in fiat-to-crypto infrastructure, has secured $16 million in funding to scale its operations across new markets and expand its stablecoin payments framework. The funding round was led by Tether and IDG Capital, along with a few other notable investors.

Read the article at CryptoPotato

In This News

Coins

$ 0.210

+1.19%

$ 0.99949

+0.01%

$ 0.00431

$ 0.128


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In This News

Coins

$ 0.210

+1.19%

$ 0.99949

+0.01%

$ 0.00431

$ 0.128


Share:

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Transak Raises $16M From Tether and IDG Capital to Develop Stablecoin Payments Framework


by Dimitar Popov
for CryptoPotato
Transak Raises $16M From Tether and IDG Capital to Develop Stablecoin Payments Framework

Share:

A pioneering firm in the evolution from TradFi to DeFi in payments has received backing from prominent patrons to continue developing its product.

Backed By Giants

According to a press release shared with CryptoPotato, Transak, a leader in fiat-to-crypto infrastructure, has secured $16 million in funding to scale its operations across new markets and expand its stablecoin payments framework. The funding round was led by Tether and IDG Capital, along with a few other notable investors.

Read the article at CryptoPotato

In This News

Coins

$ 0.210

+1.19%

$ 0.99949

+0.01%

$ 0.00431

$ 0.128


Share:

In This News

Coins

$ 0.210

+1.19%

$ 0.99949

+0.01%

$ 0.00431

$ 0.128


Share:

Read More

How Coinbase’s latest deal turned a 10X token boom into a costly lesson for retail traders

How Coinbase’s latest deal turned a 10X token boom into a costly lesson for retail traders

Coinbase spent 2025 positioning itself as the infrastructure layer for retail crypto ...
Core Foundation Claims Maple Misused Confidential Data: Court Says ‘Serious Issue to Be Tried’

Core Foundation Claims Maple Misused Confidential Data: Court Says ‘Serious Issue to Be Tried’

While denying any wrongdoing, Maple said that it plans to pursue available remedies a...