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Web3 payment infrastructure company Transak completes $16 million in financing.
[Web3 Payment Infrastructure Company Transak Completes $16 Million Financing] Web3 payment infrastructure company Transak announced the completion of a new round of financing totaling $16 million, led by IDG Capital and Tether, with participation from Primal Capital, 1 kx, Protein Capital, and Fuel Ventures. Transak plans to use this funding to expand its stablecoin payment stack and enter new markets.