Key Points:* Transak raises $16 million led by Tether for expansion.
Plans include stablecoin network and global market entry.
Tether holds over 60% of the stablecoin market share.
Web3 payment company Transak secured $16 million in funding, co-led by IDG Capital and Tether, to expand its stablecoin network globally, announced on August 12.
With 30% of its $2 billion trading volume in stablecoins, Transak aims to strengthen its market presence amid regulatory approvals across major regions.
Transak Secures Major Investment for Stablecoin Expansion
Web3 payment infrastructure firm Transak announced a $16 million funding round co-led by IDG Capital and Tether on August 12th, as reported by CoinDesk. This move intends to enhance their stablecoin payment stack and enter new markets.
Stablecoin trading, currently 30% of their $2 billion volume, leveraging recent funding. Regulatory compliance across major regions is integral. Francisco Rodrigues, Reporter, CoinDesk, said, “Transak plans to use the funds to expand its stablecoin payments stack and enter new markets, the company said.”
Tether, co-leader of this investment, amplifies its market presence, commanding above 60% of the stablecoin market share. The involvement of such notable investors sends strong signals of confidence to the market.
Investment Paves Way for Future Global Market Growth
Did you know? Transak aligns closely with Tether, a dominant player holding over 60% of the stablecoin market. This collaboration may bolster stablecoin adoption by enhancing traction in developing verticals.
(Tether USDt (USDT)) maintains its stability, priced at $1.00 with a market cap of $164.64 billion and dominance of 4.12%. Despite recent fluctuations, including a 2.98% rise in the last day, its vast 24-hour trading volume of $132.58 billion remains a key factor for investment decisions. Data sourced from CoinMarketCap.
Tether USDt(USDT), daily chart, screenshot on CoinMarketCap at 13:37 UTC on August 12, 2025. Source: CoinMarketCap
Industry experts believe Transak’s announced investments could redefine stablecoin dynamics, offering enhanced scalability and cross-border settlements. As crypto and traditional finance converge, the outlook for stablecoin integration across diverse marketplaces appears promising. For more context, see Transak introduces wire transfer for US users buying cryptocurrencies.
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stablecoin payments market growth
Key Points:* Transak raises $16 million led by Tether for expansion.
Transak Secures Major Investment for Stablecoin Expansion
Web3 payment infrastructure firm Transak announced a $16 million funding round co-led by IDG Capital and Tether on August 12th, as reported by CoinDesk. This move intends to enhance their stablecoin payment stack and enter new markets.
Stablecoin trading, currently 30% of their $2 billion volume, leveraging recent funding. Regulatory compliance across major regions is integral. Francisco Rodrigues, Reporter, CoinDesk, said, “Transak plans to use the funds to expand its stablecoin payments stack and enter new markets, the company said.”
Tether, co-leader of this investment, amplifies its market presence, commanding above 60% of the stablecoin market share. The involvement of such notable investors sends strong signals of confidence to the market.
Investment Paves Way for Future Global Market Growth
Did you know? Transak aligns closely with Tether, a dominant player holding over 60% of the stablecoin market. This collaboration may bolster stablecoin adoption by enhancing traction in developing verticals.
(Tether USDt (USDT)) maintains its stability, priced at $1.00 with a market cap of $164.64 billion and dominance of 4.12%. Despite recent fluctuations, including a 2.98% rise in the last day, its vast 24-hour trading volume of $132.58 billion remains a key factor for investment decisions. Data sourced from CoinMarketCap.
| | | --- | | DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |