Transak raises $16M to expand stablecoin payments infrastructure with Tether and IDG Capital backing

Transak has secured $16 million in a strategic funding round led by Tether and IDG Capital to accelerate the expansion of its stablecoin payments infrastructure [1]. The investment will support the development and scaling of Transak’s platform, which enables developers and businesses to integrate fiat-to-crypto on and off-ramps, virtual bank accounts, and real-time liquidity routing through a single API [2].

The funding round reflects growing institutional confidence in stablecoin infrastructure as a cornerstone of digital payments [2]. Tether, a major player in the stablecoin market, and IDG Capital, a venture capital firm with deep technology investment expertise, are positioning themselves as key backers of Transak’s mission to build the rails of global value transfer. The round also attracted participation from other notable investors, including Primal Capital, 1kx, and Fuel Ventures [1].

Transak’s platform is already being used by over 450 applications and serves more than 10 million users globally, facilitating over $2 billion in transaction volume [1]. Nearly 30 percent of this volume comes from stablecoin flows, highlighting the platform’s relevance in the shifting digital payments landscape. The company supports a range of use cases, from retail transactions to institutional operations, and offers localized payment options in more than 75 countries [2].

CEO Sami Start emphasized that stablecoins are moving beyond being a type of crypto asset and are increasingly becoming the foundation for global value transfer [3]. He noted that building scalable infrastructure requires more than just liquidity—it demands compliance systems, KYC protocols, fraud prevention mechanisms, and banking partnerships, all of which Transak has integrated into its operations [3].

With regulatory approvals in key jurisdictions such as the United States, United Kingdom, European Union, Canada, Australia, and India, Transak is actively expanding into emerging markets including the Middle East, Latin America, and Southeast Asia [1]. The $16 million funding is expected to support these efforts and further strengthen the company’s position in the competitive stablecoin infrastructure sector [2].

As the crypto industry continues to evolve, the focus is shifting from speculative assets to the foundational infrastructure that supports them. Transak’s funding round underscores the increasing recognition of stablecoins as a vital component of a global digital financial system [1]. With institutional backing and a growing user base, the company is well-positioned to drive the next wave of adoption in stablecoin-based payments and cross-border transactions.

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Source:

[1] FinanceFeeds – [https://financefeeds.com/transak-raises-16m-from-tether-idg-to-scale-stablecoin-payments/](https://financefeeds.com/transak-raises-16m-from-tether-idg-to-scale-stablecoin-payments/)

[2] BTCC – [https://www.btcc.com/en-US/square/Global%20Cryptocurrency/791689](https://www.btcc.com/en-US/square/Global%20Cryptocurrency/791689)

[3] BlockchainReporter – [https://blockchainreporter.net/transak-raises-16m-to-scale-developer-friendly-stablecoin-payment-stack/](https://blockchainreporter.net/transak-raises-16m-to-scale-developer-friendly-stablecoin-payment-stack/)