Tether Backs Transak, Nuvei Emerging Markets, Coinbase DeFi Fund

Welcome to The Daily Yield – your essential resource for stablecoin and digital asset industry news, powered by Stabledash and hosted by Drew Rogers.

Today's Headline Stories:

Tether backs Transak with $16M strategic funding: World's largest stablecoin issuer co-leads funding round with IDG Capital for payments infrastructure company serving 10M+ users across 75 countries, processing $2B+ transactions with 30% from stablecoin flows through regulated on/off-ramps.

Nuvei deploys stablecoin infrastructure for emerging markets: Montreal-based payment company serving 200+ markets integrates stablecoin rails for same-day cross-border payouts, using "stablecoin sandwich"approach to bypass correspondent banking delays in underserved regions.

Coinbase revives Bootstrap Fund for DeFi liquidity: Exchange giant's Coinbase Asset Management relaunches 6-year-old fund targeting Aave, Morpho, Kamino, and Jupiter to boost USDC/EURC liquidity across the $157B DeFi ecosystem.