Tether backs stablecoin liquidity provider Mansa in $10M seed round

Quick Summary:

As payment companies increasingly explore stablecoins for cross-border payments and real-time settlement, some startups are tapping into the zeitgeist by providing liquidity via a revolving line of credit in stablecoins.

One of them is Dubai-based but Africa-focused Mansa, whose offering allows payments companies to settle transactions and fund customer accounts instantly.

The company expects to reach a $1 billion total payment volume (TPV) run rate this year, up from its current $240 million run rate, Sanoh disclosed.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesIrelandNigerNigeria

Topics: Mansa Tether Liquidity Fintech Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 07:00:00 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 890 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26287069

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