Tether participates in a $39 million funding round for the "programmatic" bank Pave Bank

2025-10-23 14:09:51

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Pave Bank raised 39 million USD in a Series A round led by Accel, with participation from Tether Investments, Wintermute, and other funds.

This Georgia-based bank claims to be the “first programming bank for the era of digital assets and AI,” allowing businesses to manage both fiat and digital assets in real-time, automate treasury operations, and reduce reliance on intermediaries.

The new capital will be used to expand legal scopes, develop products, and expand the global market. Tether stated that the investment aligns with the strategy to promote payment infrastructure and global stablecoin applications.

3 founder of Pave Bank

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