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 Tether-backed fintech Mansa raises $10M to expand stablecoin-based payments Cointelegraph 20 Feb 2025

Tether-backed fintech Mansa raises $10M to expand stablecoin-based payments 💰

Mansa, a fintech company backed by Tether, has successfully raised $10 million to expand its stablecoin-based payment systems. This substantial investment underscores the increasing dominance of stablecoins in the financial sector.

In 2024, the annualized transaction value of stablecoins has not only exceeded $15.6 trillion but also outpaced traditional payment giants, managing 119% of Visa's and 200% of Mastercard's transaction volumes, marking a significant shift in payment dynamics.

Source: cointelegraph.com ↗