Major Development: Thailand SEC Ushers in a New Era for Digital Payments, Grants Full Legal Status to USDT and USDC

According to media reports, Transak secured $16 million in funding on August 12, 2025. Investors in this round include IDG Capital, Tether, 1kx, Primal Capital, Protein Capital, and Fuel Ventures. With this round, Transak’s total funding has reached $36.66 million.Transak is an integrated platform that provides fiat-to-crypto on-ramp and off-ramp solutions for applications. The platform supports over 130 crypto assets through API-driven fiat payment methods, streamlining complex processes such as user KYC, risk monitoring, compliance, payment methods, and customer support. Developers can integrate Transak’s modules into their applications with just a few lines of code.In terms of its funding history, Transak completed a $660,000 seed round in March 2021 and a $20 million Series A in May 2023. This latest round marks another significant milestone in its ongoing development. The series of funding rounds reflects strong investor confidence in the crypto payments infrastructure sector. As the cryptocurrency industry continues to evolve, simple and user-friendly fiat-to-crypto conversion solutions are expected to play an increasingly important role, positioning Transak as a key player in this field.

According to industry sources, digital asset infrastructure and loyalty platform Pointsville completed its Series A financing round on September 5, 2025. The round included participation from Valor Capital Group, Superscrypt, SNZ Holding, Tether, Dynamo, Citrino, K2 Integrity, and Credit Saison.Pointsville is an innovative platform focused on digital asset infrastructure and loyalty programs, dedicated to helping enterprises efficiently create, manage, and deliver digital assets and loyalty initiatives to drive innovation and inclusive growth. Its solutions enable businesses to strengthen customer engagement and enhance user experience and loyalty.Notably, Tether—one of the world’s largest stablecoin issuers—participated in this round, reflecting the confidence that traditional financial institutions have in the digital asset infrastructure sector. As the digital economy rapidly evolves, demand from enterprises for digital asset management and loyalty programs continues to grow. Pointsville’s innovative solutions are well positioned to play a significant role in this trend, providing robust support for enterprises undergoing digital transformation.This financing will enable Pointsville to further enhance its product capabilities, expand its market share, and accelerate its global business expansion. As the digital asset industry matures, it is expected that more enterprises will adopt similar solutions to optimize customer relationship management and loyalty programs.

According to industry reports, Web3 digital bank Fizen secured a strategic round of financing from Tether on April 15, 2025. Following this transaction, Fizen’s total accumulated funding reached $480,000.Fizen is a Web3 digital bank committed to making crypto payment processing accessible to businesses worldwide. The project offers comprehensive digital currency solutions that enable enterprises and users to seamlessly access end-to-end services from fiat to cryptocurrency. Fizen’s core offerings include three flagship products: Fizen Ramp (a fiat-to-crypto exchange platform), Fizen Super App (a multi-chain, non-custodial wallet with seamless integration to Ramp), and Fizen Pay (a Web3 payment gateway for merchants and organizations).It is noteworthy that Fizen has experienced rapid growth over the past year. In January 2024, the project raised $480,000 in funding; this latest strategic investment from stablecoin leader Tether further demonstrates the project’s growth potential in the Web3 payments sector. As crypto payments gain wider global adoption, Fizen is well-positioned to deliver convenient crypto payment services to more businesses and users through its comprehensive payment solutions.

According to media reports, Stable completed a $28 million Seed funding round on July 31, 2025. The round saw participation from Hack VC, major exchanges, Castle Island, Franklin Templeton, major exchanges, Paolo Ardoino, and Bryan Johnson. Following this round, Stable’s total funding has reached $28 million.Stable is a Layer 1 blockchain project jointly launched by major exchanges and Tether. Its key innovation is enabling peer-to-peer USDT transfers with zero fees by using USDT as the native gas token. The project features several notable attributes, including direct stablecoin execution of smart contracts, a gas-free user experience for applications, native fiat integration ports, seamless cross-chain transfers via USDT0, a bridge-free architecture, and priority execution channels.According to the project roadmap, Stable released its development plan in early July 2025 and completed this funding round at the end of July. Two months later, in September, the project closed a strategic financing round. This series of fundraising activities indicates strong investor confidence in stablecoin infrastructure development and highlights the market’s urgent demand for solutions that improve cross-chain interoperability and reduce transaction costs.