Transak Raises $16M From Tether and IDG Capital to Develop Stablecoin Payments Framework
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.
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Transak Raises $16M From Tether and IDG Capital to Develop Stablecoin Payments Framework
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 More
Fed includes stablecoins and DeFi in October conference on payments innovation