On July 14, PANews reported that Tether announced it is leading a $7 million Series A investment in infrastructure provider Pact Labs, with participation from Blockchange Ventures and Lasagna. The funds will be used to expand the application of USA₮ in scenarios such as payroll disbursement, wage advances, credit, and everyday payments. Tether plans to integrate the U.S.-compliant digital dollar, USA₮, into American business payroll and payment systems via Pact Labs, enabling real-time wage disbursement, integration with digital wallets, and bypassing the time delays of traditional batch payment processing.
Tether Leads $7M Series A Round for Pact Labs to Expand USA₮ Use in Payroll and Payments
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Summary
Tether has led a $7 million Series A investment in Pact Labs, a blockchain infrastructure firm, with support from Blockchange Ventures and Lasagna. The funding aims to expand the use of USA₮ in payroll, paycheck advances, credit, and daily payments. Tether plans to integrate the U.S. regulatory-compliant digital dollar into corporate systems for real-time wage disbursement and digital wallet access. The move aligns with growing interest in digital asset news and highlights new opportunities in digital collectibles news.
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