Stablecoin payment infrastructure Pact Labs completes $7 million Series A funding round, led by Tether

Odaily reports that stablecoin payment infrastructure Pact Labs has announced the completion of 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, wage access, credit, and payment services to millions of American workers. USAT is a dollar stablecoin issued by Tether in partnership with Anchorage Digital Bank. (Prnewswire)