Stablecoin Payment Infrastructure Pact Labs Raises $7 Million in Series A Funding Led by Tether

Pact Labs, a stablecoin payment infrastructure provider, has announced a $7 million Series A funding round, led by Tether, with participation from Blockchange Ventures and Lasagna. The new funds will be used to accelerate infrastructure development, enabling USAT to provide payroll services, wage withdrawals, credit, and payment solutions for millions of American workers. USAT is a USD stablecoin issued by Tether in partnership with Anchorage Digital Bank. (Prnewswire)