Pave Bank secures $39M funding with Tether’s participation

Pave Bank, a fintech startup developing a programmable banking platform that integrates fiat and digital assets, successfully secured $39 million in funding. The investment round was led by Accel and included participation from Tether Investments, the investment arm of stablecoin issuer Tether, as well as Wintermute. This funding will support Pave Bank's goal of creating a compliant solution for blending traditional finance with digital assets, focusing on real-time treasury capabilities and instant settlements. Tether's involvement underscores the industry's growing emphasis on programmable infrastructure, which is seen as crucial for stablecoin issuers to facilitate near-zero-fee transfers and enhance competitiveness against traditional payment networks.

(Source：Crypto Briefing)