Transak Secures $16M to Expand Stablecoin Payments in Emerging Markets

Transak, a Web3 payments infrastructure firm, has raised $16 million in a strategic funding round co-led by Tether and IDG Capital. The investment is intended to scale its stablecoin payment platform and expand into emerging markets such as the Middle East, Latin America, and Southeast Asia. This move reflects the growing importance of stablecoins in cross-border and institutional transactions, particularly in e-commerce, fintech, and decentralized finance (DeFi) sectors [1].

The company’s platform provides compliance-focused tools such as Know Your Customer (KYC) verification, virtual bank accounts, and seamless on- and off-ramps for converting fiat currencies into stablecoins. These features allow businesses to integrate stablecoins without navigating complex regulatory hurdles. Transak’s infrastructure is designed to support fast, secure, and cost-effective transactions, making it an attractive solution for global payments [2].

The involvement of Tether and IDG Capital signals strong institutional backing for Transak’s vision of building a robust stablecoin payments infrastructure. Tether, one of the largest stablecoin issuers globally, and IDG Capital, a technology-focused venture firm, have positioned themselves as key strategic partners in the company’s mission. CEO Sami Start highlighted that stablecoins are becoming the “rails for global value transfer,” emphasizing the need for infrastructure that supports both innovation and regulation [3].

The funding round also reflects a broader industry shift from speculative assets to foundational infrastructure in the cryptocurrency space. Platforms like Transak are now central to the mainstream adoption of stablecoins, particularly for businesses that require scalable and compliant payment systems. The investment will be used to enhance Transak’s technology and expand its global operations, aiming to meet the rising demand for stablecoin-based transactions [1].

As institutional investors and financial institutions continue to explore blockchain solutions, platforms that offer seamless and secure payment systems are gaining traction. Transak’s ability to attract high-profile investors like Tether and IDG Capital underscores its strong market position and clear value proposition. The company is emerging as a key player in the Web3 payments ecosystem, with a clear focus on expanding its reach and improving its infrastructure to support the growing demand for stablecoins [2].

This $16 million investment marks a significant milestone for Transak, reinforcing its commitment to building a compliant and scalable stablecoin payment platform. With regulatory approvals already in place in key markets, the firm is poised to expand into new geographies and support a growing number of businesses in adopting stablecoin-based transactions. The investment positions Transak to play a leading role in the future of global digital payments [3].

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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] AInvest – [https://www.ainvest.com/news/transak-raises-16m-expand-stablecoin-payments-infrastructure-tether-idg-capital-backing-2508/](https://www.ainvest.com/news/transak-raises-16m-expand-stablecoin-payments-infrastructure-tether-idg-capital-backing-2508/)