Tether backs stablecoin liquidity provider Mansa in $10M seed round
- Mansa has raised $10 million in seed funding, including a $3 million equity investment led by Tether.
- The startup aims to expand into Latin America and Southeast Asia, addressing liquidity challenges in cross-border transactions.
- Mansa's model improves cash flow for clients at a lower cost than traditional fiat alternatives.
Mansa's approach to utilizing stablecoins for liquidity in cross-border payments is innovative and timely, especially as global commerce increasingly relies on efficient transaction methods. However, the company must navigate regulatory challenges and competition in the rapidly evolving fintech landscape to maintain its growth trajectory and fulfill its ambitious goals.
