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Transak Secures $16M from IDG Capital & Tether—Supercharging Stablecoin Payments
Transak Secures $16M from IDG Capital & Tether—Supercharging Stablecoin Payments
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Stablecoins just got a turbo boost. Transak’s $16M funding round—backed by heavyweights IDG Capital and Tether—signals a land grab for the future of borderless payments.
Why it matters: The race to dominate stablecoin infrastructure just got hotter. With this cash injection, Transak’s network could become the Visa of crypto—minus the legacy baggage.
The irony? Traditional banks are still debating SWIFT upgrades while crypto builds the next-gen rails. Slow clap for finance’s old guard.
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