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 media reports, Stable completed its Strategic round of financing on September 22, 2025. The investment for this round was provided by PayPal Ventures. To date, Stable has raised a total of $28 million.Stable is a Layer 1 blockchain project launched by leading exchanges Bitfinex and Tether. It features native support for USDT as gas, enabling free peer-to-peer USDT transfers. The project introduces several innovative capabilities, including direct deployment of smart contracts on stablecoins, a gas-free user experience for applications, integrated native fiat on-ramps, seamless cross-chain transfers via USDT0, a bridge-free architecture, and prioritized execution channels.It is noteworthy that Stable has experienced rapid development throughout 2025. Following the release of its product roadmap in early July, the project closed a $28 million seed round at the end of July and subsequently secured strategic investment from PayPal's venture arm in September. This series of financing events indicates that traditional financial institutions are increasingly engaging in blockchain infrastructure development and reflects market recognition of innovative solutions built around stablecoins.

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 sources, Shiga Digital received strategic funding from Tether on June 5, 2025. This financing round was exclusively led by Tether, the leading stablecoin issuer.Shiga Digital is a technology company focused on payment innovation, currently developing a blockchain-based payment gateway designed to enable users to transact everyday goods and services directly with USD₮. This solution eliminates the need for users to convert cryptocurrencies into local fiat currencies, effectively overcoming barriers in cross-border payments and promoting global economic connectivity.Against the backdrop of ongoing digital transformation in global payments, Shiga Digital’s solution is of significant importance. As stablecoins become increasingly integrated into cross-border payment scenarios, the project is expected to offer global users a more convenient and cost-effective payment experience. The strategic investment from Tether not only demonstrates industry recognition of Shiga Digital’s technological innovation but will also help the company enhance product functionality and expand its market share.