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3.8%
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Wu Says learned that Tether announced it will lead a $7 million Series A funding round for financial infrastructure company Pact Labs, with Blockchange Ventures and Lasagna participating. The funds will be used to support use cases such as enabling USA₮ for payroll, allowing earned wages to be withdrawn early, and supporting credit and everyday payments. USA₮ is issued by Anchorage Digital Bank and co-developed with Tether. It is mainly aimed at the U.S. market and is designed to comply with local regulatory requirements.