Tether has made an investment into Ark Labs.
Ark Labs is strengthening the Bitcoin ecosystem by allowing modern financial products to run on the network. The company has announced a $5.2M seed round, including industry participants Ego Death Capital, Epoch VC, Contribution Capital, Anchorage and others.
Tether CEO Paolo Ardoino expressed:
Ark Labs is building infrastructure that makes it easier to issue, move, and settle stablecoins directly on Bitcoin. Improving access to USD₮ on the most secure and widely recognized blockchain supports greater financial inclusion, more efficient cross-border payments, and stronger global liquidity.”
Ark Labs has launched its product Arkade, which is a programmable system that enables a faster way to make Bitcoin payments, lending, trading and move tokenized assets from a self-custodial wallet.
More recently, the team has added a function for stablecoin transfers, which Tether’s involvement will also look to advise on for global adoption.
