Transak Secures $16M to Expand Stablecoin Payment Infrastructure

Generated by AI AgentCoin World
Tuesday, Aug 12, 2025 9:36 am ET1min read
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Aime RobotAime Summary

- Transak raised $16M in a strategic round led by IDG Capital and Tether to expand stablecoin payment infrastructure and enter new markets.

- Stablecoin transactions now account for 30% of Transak’s $2B+ processed volume, reflecting their growing role in global payments.

- Tether’s investment highlights its strategy to integrate stablecoins into traditional finance, leveraging its 60%+ USDT market share.

- Transak’s regulatory licenses across 6 jurisdictions position it to scale compliant, cross-border stablecoin solutions amid rising institutional interest.

Transak, a Web3 payments infrastructure firm, has secured $16 million in a strategic funding round co-led by IDG Capital and Tether, with additional participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures [1]. The firm plans to use the capital to expand its stablecoin payment infrastructure and enter new markets [1]. This development aligns with the growing interest in stablecoins as foundational tools for global value transfer.

The funding announcement comes as the stablecoin market continues to expand rapidly. According to DeFiLlama data, the sector’s market capitalization has grown from approximately $130 billion in early 2024 to over $270 billion [1]. Transak noted that nearly 30% of its over $2 billion in processed transactions involves stablecoins, underscoring the increasing role of stablecoins in the broader payments ecosystem [1].

Sami Start, Transak’s CEO and co-founder, emphasized the importance of building a robust infrastructure for stablecoin adoption. “Stablecoins are no longer just a crypto asset. They are now the rails for global value transfer,” Start stated in a press release. However, he also highlighted that “making them usable at scale requires more than just liquidity,” signaling the need for enhanced infrastructure and regulatory compliance [1].

Tether’s involvement in the funding is particularly significant. As the issuer of USDT—the largest stablecoin by market share, currently accounting for over 60% of the total—Tether has been investing in a range of ventures across multiple industries [1]. These include partnerships with crypto exchanges, sports teams, and traditional asset producers, reflecting its broader strategy to integrate stablecoins into global financial systems.

The funding round was advised by FT Partners. Transak’s growing footprint is further supported by its regulatory licenses in key jurisdictions, including the United States (FinCEN), United Kingdom (FCA), European Union (VASP), Canada (FINTRAC), Australia (AUSTRAC), and India (FIU-IND) [1]. These licenses position the firm to operate across international markets while adhering to evolving compliance standards.

The investment underscores a broader trend of institutional interest in stablecoin infrastructure, driven by the increasing adoption of digital assets for cross-border payments, remittances, and DeFi protocols. As Transak expands its stablecoin payment stack, it aims to address the growing demand for scalable, compliant, and efficient digital payment solutions.

Source: [1] Transak Raises $16M from IDG Capital, Tether to Scale Stablecoin Payment Network (https://www.coindesk.com/business/2025/08/12/transak-raises-usd16m-from-idg-capital-tether-to-scale-stablecoin-payment-network)