Cobo has announced that its Multi-Party Computation (MPC) wallet infrastructure is now utilized by Transak, a global crypto-fiat service provider. This integration supports Transak's over-the-counter (OTC) operations, corporate fund transfers, and merchant services. Transak, which operates in over 75 countries and is backed by IDG Capital and Tether, aims to enhance its stablecoin transaction settlements. Cobo's MPC technology is expected to facilitate more efficient and secure fund flows, aiding Transak's expansion in key markets such as Europe and the U.S.