Wednesday's developments:

Tether backs Transak with $16M funding: World's largest stablecoin issuer co-leads round with IDG Capital for payments infrastructure serving 10M+ users across 75 countries, processing $2B+ transactions with 30% from stablecoin flows through regulated on/off-ramps and compliance tools.

Nuvei deploys stablecoin rails for emerging markets: Montreal-based payment company serving 200+ markets integrates stablecoin backend for same-day cross-border payouts, using "stablecoin sandwich" approach to bypass correspondent banking bottlenecks in underserved regions.

Coinbase revives Bootstrap Fund for DeFi liquidity: Exchange giant's Coinbase Asset Management relaunches 6-year-old fund targeting Aave, Morpho, Kamino, Jupiter to boost USDC/EURC liquidity across $157B DeFi ecosystem, creating switching costs against competing stablecoins.

Stay Stable,

The Stabledash Team

_{This content is for informational purposes only and does not constitute financial, investment, or legal advice.}