Pact Labs 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. that 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, with workers waiting weeks for money they’ve already earned and paying over $12 billion in overdraft fees last year while waiting. Pact Labs’ infrastructure tokenizes the paycheck, making wages instant, credit programmable, and payments available 24/7. 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.
Pact Labs is the development and infrastructure-building arm of PACT, responsible for designing and deploying the technical systems that power the PACT protocol and its consumer products, building the core wallet, data, and payment infrastructure, and smart contract architecture that connect the PACT Protocol to real-world fintechs and their end users. Its integrations have facilitated over $1.9 billion in credit across emerging markets and now power compliant on-chain payroll infrastructure in partnership with Payactiv and Tether’s USA₮. PACT is the orchestration layer for global stablecoin finance, providing a protocol that connects fintech platforms, stablecoin issuers, and institutional capital onto a single programmable settlement layer.
KEY QUOTES:
“USA₮ was built to serve real people, and nothing is more real than a paycheck.”
“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.”
Bo Hines, CEO, Tether USA₮
