TechFlow reports, July 14: According to official announcements, Tether announced leading Pact Labs' $7 million Series A funding round, with Blockchange Ventures and Lasagna participating in the follow-on investment. The funds will be used to support Pact Labs in building USA₮-related infrastructure and expanding its applications in scenarios such as payroll distribution, earned wage access, credit, and daily payments.
Pact Labs primarily provides digital wallet integration, real-time payroll transfer, and financial service capabilities for enterprise platforms, aiming to address issues such as low processing efficiency and long settlement cycles in the traditional US payroll system. Tether stated that this collaboration aims to promote the deeper integration of the digital dollar USA₮, designed for US compliance standards, into the daily financial systems of local workers and enterprises.
