In a universe where money flows like a particularly stubborn river, Tether-backed Mansa has just pulled off a financial heist of sorts, raising a whopping $10 million to expand its stablecoin-based payment wizardry. 💰✨
Initially, Mansa managed to snag $3 million in a pre-seed round, led by none other than Tether, the grand poobah of stablecoins, and co-led by Polmorphic Capital, with a sprinkle of participation from Octerra Capital Faculty Group and Trive Digital. Because who doesn’t want to be part of a financial circus? 🎪
But wait, there’s more! They then conjured an additional $7 million from various institutions, including corporate investors and those mysterious quantitative investment funds that seem to exist solely to make numbers dance. This cash infusion is aimed at propelling Mansa’s market expansion across Latin America and Southeast Asia, because why not? 🌎
According to Mouloukou Sanoh, co-founder and CEO of Mansa, the plan is to revolutionize the way money flows in the fiat world. He told CryptoMoon, with all the enthusiasm of a caffeinated squirrel:
“By bringing payments on-chain and leveraging efficient liquidity solutions, we are addressing critical challenges in cross-border transactions — making payments faster, cheaper and more reliable worldwide.”
In other words, they’re on a mission to make your money move faster than a cat on a hot tin roof. 🐱🔥
Since its grand debut in August 2024, Mansa’s stablecoin-based payment solution has already processed over $27 million in transaction volume on-chain, with nearly $11 million in January 2025 alone. Talk about a busy little bee! 🐝
In a shocking twist, the annualized transaction value of stablecoins has surpassed $15.6 trillion in 2024, which is roughly 119% of Visa and 200% of Mastercard. Yes, you read that right. It seems stablecoins are the new rock stars of the payment world, according to ARK Invest’s 2025 report. 🎸
Addressing cross-border liquidity challenges via stablecoins
Mansa is using stablecoins for cross-border payments, which is like using a magic wand to reduce settlement delays and transaction costs. 🪄
Sanoh points out that Mansa’s stablecoin solution could help import-heavy economies tackle their “severe shortage” of fiat US dollars, which is making global payments as challenging as herding cats. He quips:
//www.youtube.com/watch?v=ndnRYF5nlkw[/embed]
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2025-02-20 12:12