Pact Labs today announced its Series A financing, anchored by a strategic investment from Tether, the world’s largest company in the digital asset ecosystem, with participation from Blockchange Ventures and Lasagna. The $7 million round will accelerate the buildout of infrastructure, bringing USA₮, a U.S. dollar-backed stablecoin issued by Anchorage Digital Bank, N.A., which Tether has collaborated to launch, to payroll, earned wage access, credit, and payments for millions of American workers.
America’s $10 trillion payroll system still runs on rails built decades ago. Workers wait weeks for money they’ve already earned — and paid over $12 billion in overdraft fees last year waiting. PACT’s infrastructure tokenizes the paycheck, making wages instant, credit programmable, and payments 24/7.
“With Tether as our strategic partner, USA₮ becomes the digital dollar working Americans actually use — every payday.”
“USA₮ was built to serve real people, and nothing is more real than a paycheck,” said Bo Hines, CEO of Tether USA₮. “Pact Labs gives us the rails to put digital dollars designed to be compliant with U.S. regulations directly into the hands of millions of American workers — faster, cheaper, and without the intermediaries that slow them down.”
Through its SDKs, Pact Labs has already deployed hundreds of thousands of embedded wallets and live stablecoin payroll flows across enterprise platforms, with additional partnership announcements to follow.
