Pact Labs secured $7 million in a Series A funding round led by Tether to enhance its on-chain lending platform on the Aptos blockchain. The company operates the PACT Protocol, which has facilitated nearly $2 billion in loans and serves around 500,000 users. Tether’s investment aims to integrate its USA₮ stablecoin into Pact’s credit and fintech products, driving organic demand beyond crypto trading. Pact plans to scale lending to $10 billion, signaling strong growth potential and validating Aptos as a hub for financial applications.
Tether led a $7 million Series A funding round in Pact Labs to expand the use of its USA₮ stablecoin in payroll, payments, and lending through fintech partnerships. Pact Labs connects traditional fintech with blockchain liquidity, enabling over 500,0...
South Korean cryptocurrency exchange Upbit began trading the Derive (DRV) token on July 14, offering trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This listing enhances DRV's exposure in one of Asia's largest crypto markets a...
Oobit has launched a new feature allowing TRON (TRX) holders to send TRX directly from their wallets to bank accounts using SEPA, ACH, and Faster Payments rails in Europe, the US, and the UK. This bypasses traditional exchanges, enabling near-instant...
Bitcoin, Ethereum, and several other major cryptocurrencies experienced a significant price decline of over 3% in a recent market sell-off. Bitcoin fell to around $61,979, while Ethereum dropped to approximately $1,763. This widespread decrease refle...
Bolivia is exploring the integration of the stablecoin Tether (USDT) into its national payment system, allowing it to be used alongside the US dollar and Bolivian boliviano. This move aims to facilitate everyday payments, international trade, and rem...
