Transak, known for enabling users to purchase crypto with cash, is now focusing on white-labeled stablecoin offerings for established firms. With $40 million in funding, the Tether-backed company anticipates stablecoin adoption to become more seamless. Institutions like Citigroup and Bank of America are expressing interest in dollar-pegged tokens, which could soon be integrated into consumer applications like PayPal’s Venmo. Transak is exploring white-label use cases for stablecoins, such as facilitating transactions between different regions for individuals looking to convert funds back into cash. Japan’s largest banks have received approval to trial stablecoins, with a planned launch in March 2026.

Read more at Yahoo Finance: Next Wave of Stablecoin Boom May Seem Invisible, Says Transak CEO