Tether Expands USAT Stablecoin into $11 Trillion US Payroll Market

Tether has made a major push into the US financial system by leading a $7 million funding round for Pact Labs to expand its USAT stablecoin into the payroll market.

The partnership targets the $11 trillion US payroll market with blockchain-based, real-time wage payments.

The expansion comes as Tether grows outside Europe while US lawmakers continue debating stablecoin regulation.

Tether CEO Paolo Ardoino stated that the company's transaction data has consistently indicated demand for dollar-backed digital assets as a settlement tool for salary payments.