Tether, Others Undertake $7 Million Series A Funding in Pact Labs Payroll Infrastructure

• Pact Labs launched a Tether-led Series A financing for its payroll infrastructure.
• Workers in emerging markets have used USD₮ to bridge payroll gaps for several years.
• Tether aims to expand the utility of USA₮ by integrating the digital dollar.

Tether CEO Paolo Ardoino says his company is leading a $7 million Series A financing round into Pact Labs, which confirms what their transaction data has shown for years. Ardoino made the statement in a press release to confirm the deal. According to the announcement, other firms participating in the investment round include Blockchange Ventures and Lasagna.

Supporting America’s Infrastructure Payroll

The investment from these entities aims to support Pact Labs’ development as a core infrastructure provider for USA₮ across payroll, earned wage access, credit, and everyday payments. Ardoino said that Tether’s t…

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