Tether joins $39 million funding round in ‘programmable’ Pave Bank

Tether Investments participated in Pave Bank's $39 million Series A funding round, which is intended to scale the company, described as the "world’s first programmable bank built for digital assets and AI era." Pave Bank operates as a commercial bank licensed in Georgia, servicing clients with needs across both fiat and digital assets. CEO Salim Dhanani stated the bank merges traditional finance stability with digital asset automation. The capital will be used to expand regulatory footprint, accelerate product development, and scale global client coverage. The funding round was led by Accel and also included participation from Wintermute, Quona Capital, and Helios Digital Ventures. Tether's investment aligns with its diverse portfolio spanning payment infrastructure, AI, and tokenization.

(Source：The Block)