Transak Raises $16M from Tether & IDG Capital to Boost Stablecoin Payments and Global Adoption

B. Ali
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During the latest funding round, Transak, a leading fiat-to-crypto infrastructure provider, successfully raised $16 million in a strategic investment led by Tether and IDG Capital. The move aims to bolster its stablecoin payments infrastructure and facilitate expansion into high-growth markets, including the Middle East, Latin America, and Southeast Asia.

Moreover, the funding round also attracted participation from Primal Capital, 1kx, and Protein Capital, reflecting strong investor confidence in Transakโ€™s growth trajectory.

Transak Strengthens Stablecoin Infrastructure and Compliance Systems

The new investment will enable Transak to enhance its compliance systems and establish stronger banking partnerships, critical for supporting seamless and regulated fiat-to-stablecoin conversions. Co-Founder and CEO Sami Start emphasized the need for robust infrastructure to promote stablecoins as the primary transaction layer for remittances, cross-border payments, and everyday commerce. With over $2 billion in transaction volume processed to date, Transak is positioned to accelerate secure, regulated, and efficient stablecoin adoption globally.

Global Expansion to Middle East, Latin America, and Southeast Asia

Transak is active in more than 75 countries and leverages local payment methods along with a single API to simplify access to stablecoins. The companyโ€™s regulatory approvals in key jurisdictions provide a solid foundation for its global expansion. With the $16 million funding from Tether and IDG Capital, Transak aims to attract more users and partners, positioning stablecoins as a primary medium for digital financial transactions worldwide.

Boosting Adoption of Stablecoins for Remittances and Cross-Border Commerce

By strengthening its infrastructure and compliance capabilities, Transak expects to increase adoption of stablecoins for remittances, cross-border commerce, and payments. The companyโ€™s enhanced offerings could make transactions faster, safer, and more accessible, encouraging both businesses and individuals to leverage stablecoins for everyday financial operations. This strategic investment marks a key milestone in Transakโ€™s mission to integrate stablecoins into mainstream financial systems across emerging markets.

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