Stablecoin liquidity provider Mansa completes $10 million seed round of financing, led by Tether

Odaily News Mansa, a stablecoin liquidity provider focusing on the African market, announced the completion of a $10 million seed round of financing. Mansa's stablecoin-based solution focuses on providing payment providers in the market with a flexible and reliable way to manage liquidity issues in cross-border payments. This financing includes a $3 million Preseed round of financing led by Tether, co-led by Polymorphic Capital, and participated by other well-known investors such as Octerra Capital, Faculty Group and Trive Digital. In addition, the company has also obtained an additional $7 million in liquidity funds from institutions including corporate investors, quantitative funds and alternative investment institutions.