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Transak raises $16 million in funding led by IDG and Tether
On August 12, Web3 payment infrastructure company Transak raised $16 million in strategic financing, with this round led by IDG Capital and Tether, and participated by Primal Capital, 1kx, Protein Capital, and Fuel Ventures.
Transak plans to use the funds to expand its stablecoin payment stack and enter new markets.