Pact Labs raises $7 million Series A led by Tether

Pact Labs said it completed a $7 million Series A financing led by Tether, with participation from Blockchange Ventures and Lasagna. The funding is intended to expand Pact Labs as an infrastructure provider for USA₮ across payroll, credit and payments, while accelerating integration of the stablecoin into Pact’s lending and fintech products on Aptos. Pact Labs operates the PACT Protocol, a permissioned lending and securitization platform focused on asset-based finance that launched on Aptos on February 20, 2025, with more than $1 billion in assets onboarded on day one. The company said it has since facilitated nearly $2 billion in on-chain loans and serves about 500,000 users through partnerships with seven companies. Tether has framed improved wage settlement as a central use case as it seeks to bring faster, around-the-clock digital-dollar transfers into U.S. financial workflows through USA₮, a stablecoin launched in January and designed to comply with the GENIUS Act. Pact Labs has also said it aims to scale lending capacity to $10 billion in loans, underscoring Tether’s broader bet that stablecoin adoption will expand through payment rails, payroll and private credit infrastructure rather than relying only on crypto trading activity.