PANews reported on August 12th that, according to CoinDesk, Web3 payment infrastructure company Transak announced the completion of a $16 million strategic funding round, led by IDG Capital and Tether,PANews reported on August 12th that, according to CoinDesk, Web3 payment infrastructure company Transak announced the completion of a $16 million strategic funding round, led by IDG Capital and Tether,
Transak Completes $16 Million in Strategic Financing, Led by IDG Capital and Tether
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on August 12th that, according to CoinDesk, Web3 payment infrastructure company Transak announced the completion of a $16 million strategic funding round, led by IDG Capital and Tether, with participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures. Transak plans to use the funds to expand its stablecoin payment network and enter new markets. The company stated that approximately 30% of its $2 billion in trading volume comes from stablecoin flows, and that it has obtained regulatory licenses in the US, UK, EU, Canada, Australia, and India. Tether currently holds over 60% of the stablecoin market share.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Oil steadies as possible U.S. move on Kharg Island weighed
The post Oil steadies as possible U.S. move on Kharg Island weighed appeared on BitcoinEthereumNews.com. Kharg Island seizure and Trump ground troops in Iran: confirmed
Share
BitcoinEthereumNews2026/03/16 11:46
What Crypto to Buy in 2026? Analysts Compare 3 Cheap Cryptocurrencies
As investors evaluate potential opportunities for 2026, analysts are comparing several low-priced cryptocurrencies that continue to attract market attention. Popular
Share
Techbullion2026/03/16 11:51
US-UK Forge New Crypto Pact, Aim To Harmonize Global Stablecoin Rules
The post US-UK Forge New Crypto Pact, Aim To Harmonize Global Stablecoin Rules appeared on BitcoinEthereumNews.com. The United States and the United Kingdom have announced a comprehensive new cooperation agreement aimed at unifying regulatory oversight for the cryptocurrency sector. This deal, a product of high-level talks between UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent, marks a significant step toward creating a more harmonized and predictable environment for crypto businesses on both sides of the Atlantic. The agreement for two The core of the agreement is to address systemic risks and combat illicit financial flows, particularly concerning stablecoins. It is a direct response to a rapidly expanding global market and aims to foster greater regulatory clarity. While the agreement does not include plans for a joint central bank digital currency (CBDC), it is designed to give British firms better access to U.S. capital markets and attract more American investment. For the U.S., the deal provides an important partner in shaping global crypto standards. A deal that paves way for clearer crypto regulations The inclusion of major banks and crypto organizations in the policy discussions leading to this agreement underscores the broad industry support for clearer rules. As reported the representatives from Coinbase, Circle, Ripple and Barclays took part in negotiations. Experts believe this deal will accelerate innovation and potentially boost cross-border investment, mitigating the risk of regulatory arbitrage. The move follows months of lobbying from industry groups and reflects a growing consensus that international collaboration is essential to manage the risks and unlock the full potential of blockchain technology. Source: https://coinidol.com/us-uk-new-crypto-pact/
Share
BitcoinEthereumNews2025/09/19 00:06
