Tether is shifting stablecoin use from crypto trading to everyday financial services by leading a $7 million investment in Pact Labs. The company aims to integrate its stablecoin USA₮ into payroll systems and real-time payments, addressing the $11 trillion U.S. payroll market where wage access is often delayed. This move focuses on recurring payments rather than speculative trading, potentially embedding stablecoins into mainstream finance. Compliance support from Chainalysis enhances institutional trust, making stablecoins a viable option for daily transactions and financial infrastructure.
Circle won a court-backed arbitration ruling confirming it lawfully suspended Heka Funds' USDC minting and redemption services due to undisclosed ties to Tether and suspected market manipulation. Heka failed to disclose Tether as its main investor, w...
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 500,00...
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...
