Tether leads $7 million round in Pact Labs to boost USAT stablecoin adoption
The Block·
60-second summary
Tether leads a $7 million funding round in Pact Labs to boost adoption of its USAT stablecoin, designed to comply with US regulations. Pact Labs' rails enable Tether to create digital dollars compliant with US laws. This move strengthens Tether's position in the US market, potentially increasing USAT's usage and adoption among US-based institutions and consumers.
“Pact Labs gives us the rails to make digital dollars designed to be compliant with U.S. regulations," says Tether USAT.