- Stablecoin transaction value reached $15.6 trillion annually, surpassing major credit card networks.
- Cross-border payment platform Mansa secured $10 million in total funding.
- Tether led a $3 million pre-seed round with Polmorphic Capital as co-lead investor.
- Additional $7 million in liquidity funding obtained from institutional investors.
- Expansion targets include Latin American and Southeast Asian markets.
Stablecoin-powered financial technology firm Mansa has secured $10 million in funding to accelerate its cross-border payment solutions, with backing from Tether, the company behind the world’s largest stablecoin USDT.
The funding arrives as stablecoin transactions demonstrate unprecedented growth, with annual transaction value exceeding $15.6 trillion in 2024 – significantly outperforming traditional payment networks like VISA and Mastercard by 119% and 200% respectively.
The investment round was structured in two parts: a $3 million pre-seed round led by Tether and co-led by Polmorphic Capital, with participation from Octerra Capital Faculty Group and Trive Digital. The additional $7 million came from institutional investors, including corporate entities and quantitative investment funds.
Stablecoins, digital assets designed to maintain a stable value by pegging to traditional currencies like the US dollar, have emerged as a crucial bridge between traditional finance and cryptocurrency markets. Their growing adoption in cross-border payments highlights the increasing integration of blockchain technology in global financial infrastructure.
Mansa’s strategic focus on Latin America and Southeast Asia targets regions with significant remittance flows and growing demand for efficient cross-border payment solutions. These markets have historically faced challenges with traditional banking infrastructure and high transaction costs.
The investment underscores the growing confidence in stablecoin-based payment solutions and their potential to transform international money transfers, particularly in emerging markets where traditional banking services may be limited or costly.
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