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Author: Admin | 2025-04-28
Based on real-time transaction data rather than collateral while sourcing liquidity at scale through decentralized finance (DeFi). It aggregates capital from DeFi platforms, quant funds, family offices, and hedge funds.For its seed round, Mansa secured $7 million in liquidity from some of these institutions. Meanwhile, other investors that participated in the equity round alongside Tether include Faculty Group, Octerra Capital, Polymorphic Capital, and Trive Digital. “Payments are moving on chain, but in order for payments to move on chain you need to have the on-chain liquidity to be able to settle instantly,” Sanoh told TechCrunch. “That is why our partnership with Tether is so consequential and why we’re working very closely together to make it the primary stablecoin in emerging markets.” Despite USDC’s rapid growth last year, the founders said Mansa is bullish on Tether’s USDT due to its broad accessibility, usage flexibility, and market dominance, which continues to expand alongside rising on-chain payment activity, especially in emerging markets.It also makes sense that Mansa’s customers are not based in Europe, where Tether and nine other digital assets were recently delisted from EU-regulated platforms for not meeting MiCA compliance standards. Tether still holds 70% of the market share, in terms of trading volume, among stablecoins globally.Still, from a compliance perspective, Mansa says it’s focused on regulatory adherence. The fintech recently hired the former head of HSBC North Asia and the chief legal officer of Franklin Templeton to strengthen its regulatory oversight. Similarly, the stablecoin liquidity platform says it’s building robust risk
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