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Tether Backs Pave Bank in $39M Series A Funding to Bridge Traditional and Digital Finance
Tether Backs Pave Bank in $39M Series A Funding to Bridge Traditional and Digital Finance
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BTCCSquare news:
Tether Investments has joined a $39 million Series A funding round for Pave Bank, a Georgia-based commercial bank aiming to merge fiat and digital asset services. The round was led by Accel, with participation from Wintermute, Quona Capital, and Helios Digital Ventures. Pave Bank plans to use the capital to expand globally, accelerate product development, and onboard institutional clients.
The bank offers programmable commercial banking solutions, including treasury services, corporate accounts, and digital asset custody. Licensed in Georgia, Pave Bank is now targeting expansion into the UAE, UK, and European markets. Tether's involvement signals growing institutional interest in hybrid financial infrastructure.
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