Transak Raises $16M from IDG Capital, Tether to Scale Stablecoin Payment Network

Transak, a prominent company in the fintech space, has successfully secured $16 million in funding from IDG Capital and Tether. This substantial investment aims to enhance and scale its stablecoin payment network, enabling the company to expand its capabilities and accessibility for users in the rapidly evolving digital currency landscape. The partnership with IDG Capital and Tether is expected to bolster Transak's efforts in providing seamless and efficient payment solutions, ultimately facilitating a broader adoption of stablecoins in various financial transactions around the globe. source: https://www.coindesk.com/business/2025/08/12/transak-raises-usd16m-from-idg-capital-tether-to-scale-stablecoin-payment-network