Transak Secures $16M Funding Led by Tether and IDG Capital to Expand Stablecoin Payments Infrastructure

Transak, a key player in bridging traditional finance with decentralized payment solutions, has raised $16 million in a funding round spearheaded by Tether and IDG Capital. The investment will accelerate the development of its stablecoin payment framework and expand its global footprint.

The company's infrastructure supports over 450 applications across 75 countries, enabling seamless fiat-to-crypto conversions through a single API. "Stablecoins have evolved beyond mere crypto assets—they're now the backbone of global value transfer," said Sami Start, Transak's CEO. "Scaling this vision requires robust compliance systems, banking partnerships, and deep market expertise—all of which we've built."

The funding underscores growing institutional confidence in stablecoins as critical infrastructure for cross-border payments and internet-native transactions. Transak's focus on regulatory-compliant solutions positions it at the forefront of this shift.