Tether-Backed Fintech Mansa Raises $10M to Revolutionize Stablecoin Payments

Mansa, a fintech company specializing in cross-border payments using stablecoins, has successfully raised $10 million in funding to accelerate its expansion and further enhance its payment infrastructure. The funding round, which closed on February 20, was led by Tether, the issuer of the world’s largest stablecoin, USDt (USDT), with additional contributions from Polymorphic Capital, Octerra Capital, Faculty Group, and Trive Digital.

Expanding the Reach of Stablecoin Payments

The $10 million in funding consists of two parts: a $3 million pre-seed round and a subsequent $7 million liquidity funding from a group of institutional investors, including corporate entities and quantitative investment funds. Mansa plans to use this capital to scale its services across Latin America and Southeast Asia, regions where cross-border payments are often slow and costly.

Mansa's goal is to revolutionize the way money moves in the traditional fiat world. As Mouloukou Sanoh, co-founder and CEO of Mansa, explained, the company aims to leverage blockchain technology and efficient liquidity solutions to address the key challenges in cross-border transactions—making payments faster, more affordable, and more reliable globally.

“Our mission is to bring payments on-chain, which will reduce settlement delays, eliminate high transaction fees, and create a seamless cross-border payment experience for businesses worldwide,” Sanoh said. The company also intends to provide payment companies with real-time settlement infrastructure, empowering them with more efficient payment systems.

Mansa's Progress and the Rise of Stablecoins

Since launching in August 2024, Mansa's stablecoin-based payment solution has gained significant traction. According to Dune data, the company has processed over $27 million in transaction volume on-chain, with nearly $11 million of that coming in just January 2025. This rapid adoption reflects growing confidence in stablecoins as a viable and cost-effective alternative to traditional payment methods.

The broader trend of stablecoin adoption has also been impressive. Stablecoins' annualized transaction value surpassed $15.6 trillion in 2024, which is more than double the total annual transaction volume of Mastercard and 19% higher than Visa’s. These figures, highlighted in ARK Invest’s 2025 report, underscore the increasing importance of stablecoins in the global payments landscape.

Addressing Liquidity and Cross-Border Payment Challenges

One of the main advantages of using stablecoins for cross-border payments is the ability to reduce settlement delays and lower transaction costs. In traditional financial systems, cross-border payments can be time-consuming and expensive, especially for import-heavy economies that suffer from a shortage of fiat US dollars.

According to Sanoh, stablecoins offer an effective solution to these challenges. “Stablecoins provide businesses with easy access to digital dollars at scale, bypassing local currency restrictions and capital controls,” he said. This allows businesses to engage in international transactions seamlessly, without the inefficiencies and high costs associated with traditional financial systems.

Moreover, the use of stablecoins is proving to be a more affordable option compared to traditional bank transfers, particularly for remittance payments. A recent Statista report indicated that remittance fees averaged 7.34% in 2024 for transactions involving bank account transfers. In contrast, stablecoins enable instantaneous and low-cost transactions, making them a much cheaper alternative.

“Stablecoins allow businesses and individuals to conduct cross-border transactions at a fraction of the cost of traditional payment rails,” Sanoh noted. “This makes them an increasingly attractive option for businesses seeking faster, more affordable global payments.”

The Future of Cross-Border Payments

Mansa’s innovative approach to payments is tapping into a broader trend that sees stablecoins as a growing alternative to traditional payment methods. As the adoption of stablecoins continues to rise, Mansa is well-positioned to take advantage of the expanding demand for low-cost, efficient cross-border payment solutions.

With the recent funding and plans for market expansion, Mansa aims to become a key player in the stablecoin payment space, addressing the pain points of cross-border transactions and positioning itself at the forefront of the rapidly evolving fintech landscape.

As stablecoins gain more traction, the potential for blockchain technology to reshape the global payments ecosystem becomes increasingly clear. Mansa’s focus on improving payment efficiency and reducing costs could set the stage for the next generation of financial transactions. With continued growth in adoption and investment, Mansa and the stablecoin market are poised to drive significant change in the way money moves across borders.