Tether Leads $7M Series A in Pact Labs for USA₮ Stablecoin Payroll Integration

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Tether has led a $7 million Series A funding round in Pact Labs, with participation from Blockchange Ventures and Lasagna, to build core infrastructure for USA₮ stablecoin integration across U.S. payroll and payments systems. USA₮, a dollar-backed stablecoin issued by Anchorage Digital Bank, N.A., will enable enterprise platforms to embed digital wallets and move wages in real time, reducing reliance on legacy batch-processing delays that can leave workers waiting days or weeks for earned income. Tether CEO Paolo Ardoino stated the investment targets workers who face overdraft fees and short-term borrowing costs under the current system. The U.S. payroll system processes over $11 trillion annually but relies on decades-old infrastructure.
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