A massive milestone for the PACT ecosystem, Tether, and on-chain finance.
@tether has led a $7M funding round in Pact Labs with a $2.5M strategic investment!
This investment will power the new era of tokenized finance on PACT rails, enabled by USA₮.
BIG NEWS
The leader in stablecoin issuance is officially backing the PACT ecosystem
@tether has made a strategic $2.5M equity investment into @pact_labs, leading a $7M round, to power the future of global stablecoin distribution and tokenized finance
ICYMI: @tether just backed the PACT ecosystem with a $2.5M investment in @pact_labs
What's the impact, and what's next?
We're discussing it on Spaces w/ @SpooksLabs
→ 16th July @ 4 PM UTC
A year ago at @Aptos Experience we were discussing the state of tokenization and PACT’s financial plumbing
And now — that same mission is pushing even further
PACT and @tether are redefining the new era of finance on-chain
Aptos is prime real estate for global money movement.
Now, @Tether is backing @pact_labs, leading a $7M investment to bring USAT into payroll, credit, and payments for millions of workers.
Watch PACT Co-Founders Zander Rafael & Eric Cuellar with Aptos Foundation's @aptAlix.
THE BLOCK: Tether leads a $7 million Series A round in Pact Labs as part of a push to drive adoption of its American stablecoin, $USAT.
Tether CEO Paolo Ardoino said improving wage settlement in the U.S. market is a key focus of the investment.
A HUGE step for tokenized finance
@Tether is leading a $7M funding round with a $2.5M investment in @pact_labs to bring USAT to payments and payroll
This is the new era of stablecoin-powered finance
The #1 stablecoin issuer @tether just led @pact_labs' latest $7M investment round.
@pactfinance is the tokenized finance giant leading RWA issuance on @Aptos.
Stablecoin Summer typa moves.
📣 @Tether just led a strategic $7M investment in @pact_labs, who is building real-world credit and payroll infrastructure on @Aptos.
@pactfinance accounts for $567M+ in active loans and $1.9B+ in credit across emerging markets on Aptos, the full stack for markets and machines.
The next financial system is being built onchain with @pactfinance on Aptos.
@tether, the leader in stablecoin issuance, just backed @pact_labs, leading a $7M investment round.
PACT has facilitated $1.9B+ in credit across emerging markets, with $567M+ in active loans on Aptos.