USDT-Backed Transak Raises $16M to Fuel Stablecoin Payment Network Expansion

Web3 payments infrastructure firm Transak has successfully secured $16 million in a strategic funding round co-led by IDG Capital and Tether (USDT issuer). This investment will accelerate the expansion of Transak's stablecoin payments stack and broaden its market reach. The funding comes at a pivotal moment for the stablecoin sector, which has seen its market capitalization skyrocket from $130 billion to $270 billion in early 2024. According to Transak, stablecoins are evolving beyond mere crypto assets and are now becoming the foundational infrastructure for global value transfer. This development underscores the growing institutional and mainstream adoption of stablecoins like USDT as critical payment rails in the digital economy.

Transak Secures $16M Funding to Expand Stablecoin Payment Network

Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by IDG Capital and Tether. The capital will fuel expansion of its stablecoin payments stack and market reach. This comes as the stablecoin sector's market capitalization surged from $130 billion to $270 billion in early 2024.

"Stablecoins are no longer just a crypto asset. They are now the rails for global value transfer," said Transak CEO Sami Start. The company reports 30% of its $2 billion processed transactions originate from stablecoin flows, underscoring their growing utility beyond speculative trading.

Tether's participation signals strategic alignment, with USDT commanding over 60% of the stablecoin market. The stablecoin giant has been actively deploying capital across crypto exchanges, media platforms, and traditional businesses, from Italian football club Juventus to blockchain analytics firm Crystal Intelligence.

ProfitableMining Ushers in New Era of Cloud Mining as Bitcoin Tops $120,000

Bitcoin's surge past $120,000 in July 2025 signals a maturing cryptocurrency market, with volatility giving way to institutional adoption. ProfitableMining emerges as a key player, leveraging intelligent cloud mining technology to democratize access to digital asset wealth.

The platform's global network of renewable energy-powered mining farms offers low-barrier entry for both novice and experienced investors. Its proprietary computing power allocation system converts capital into daily yields, supporting major cryptocurrencies including Bitcoin (BTC), ethereum (ETH), and Ripple (XRP).

As the industry pivots toward sustainability, ProfitableMining's green mining solutions position it at the forefront of the sector's transformation. The platform's expansion reflects growing demand for stable, efficient alternatives to traditional mining operations.

Blue Origin Embraces Crypto Payments for Spaceflights

Blue Origin has opened a new frontier for cryptocurrency adoption by accepting Bitcoin, Ethereum, Solana, USDT, and USDC as payment for space travel. The Jeff Bezos-founded company partnered with Shift4 Payments to process transactions, enabling customers to use MetaMask and Coinbase wallets for bookings aboard its New Shepard spacecraft.

The MOVE signals growing institutional acceptance of digital assets beyond traditional financial applications. While Justin Sun's $28 million spaceflight purchase didn't utilize crypto despite his industry prominence, Blue Origin's policy shift reflects increasing demand for secure, borderless payment alternatives in high-value transactions.