Tether has joined a $5.2 million funding round for Ark Labs, a startup building programmable infrastructure for Bitcoin.

The investment supports development of Arkade, an execution layer designed to enable faster issuance and settlement of stablecoins and digital assets on Bitcoin.

Ark Labs aims to make it easier for developers and institutions to build payments and financial services directly on Bitcoin.

The seed round also includes backing from Sats Ventures, Contribution Capital, and participation from Anchorage Digital.

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