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Cryptorank

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

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

Read More

Ethena token rallies over 12% following StablecoinX’s $530 million capital raise

Ethena token rallies over 12% following StablecoinX’s $530 million capital raise

Ethena’s ENA token leaped over 12% on Saturday following news that StablecoinX Inc. s...
Legal expert affirms public blockchains remain regulatory standard despite corporate L1 launches

Legal expert affirms public blockchains remain regulatory standard despite corporate L1 launches

Variant Fund chief legal officer Jake Chervinsky maintains that decentralized public ...

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

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

Read More

Ethena token rallies over 12% following StablecoinX’s $530 million capital raise

Ethena token rallies over 12% following StablecoinX’s $530 million capital raise

Ethena’s ENA token leaped over 12% on Saturday following news that StablecoinX Inc. s...
Legal expert affirms public blockchains remain regulatory standard despite corporate L1 launches

Legal expert affirms public blockchains remain regulatory standard despite corporate L1 launches

Variant Fund chief legal officer Jake Chervinsky maintains that decentralized public ...