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@pactfinance

Stablecoin infrastructure for credit and payroll. Powering early pay, settled daily and instantly in USA₮. Backed by @Tether.
Worldwide pactfoundation.com Joined April 2018
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PACT Verified account @pactfinance
Revenue and equity value now accrue to one asset: PACT.

Pact Labs, Inc. is wholly owned by PACT Foundation as of September 10th. Investor equity has converted to PACT. There is no separate equity class ahead of holders.

What this means for PACT holders:
1. The fee switch is on. 80% of net revenue now fund open market PACT buybacks. $466.7K in revenue has been collected to date.

2. Pact Labs’ contracts and revenue now sit under the foundation that PACT holders govern.

3. The first buybacks are done. We bought back 146.4M PACT on October 6th. $188k more is allocated and will be deployed. All PACT buybacks go to a segregated vault.

4. Every purchase is reported publicly, with a live transparency hub and quarterly reports coming soon.

The team continues to build stablecoin infrastructure for credit, payroll, and merchant liquidity. We are excited to share more news soon. As revenue continues to grow, buybacks grow with them.

View the PACT Transparency Hub: pactfoundation.com/transparency
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13 replies 31 reposts 139 likes 20K views View on X
PACT Verified account @pactfinance
A global, multi-trillion-dollar financial system is broken: Payroll

In the US alone, it’s a $10T market still running on 50-year-old rails.

PACT partners with payroll providers to upgrade the entire stack with stablecoin infrastructure.

This is how finance moves onchain.
6 replies 15 reposts 42 likes 2.1K views View on X
PACT Verified account @pactfinance
Tokenized assets sit ~$65B – a huge milestone.

But still, it's just 0.02% of traditional finance's $300T footprint.

The model is proven, but the industry is still at step zero with enormous potential to fulfill.