USDT issuer Tether has made a strategic investment in Ark Labs, the team developing Arkade, a programmable infrastructure layer for Bitcoin.
The $5.2 million funding round is aimed at expanding stablecoin access on the Bitcoin network and brings the total funding raised by Ark Labs to $7.7 million. Arkade is designed to enable instant, programmable transactions on Bitcoin for both retail users and financial institutions, positioning the network as a more viable platform for everyday payments and commerce.
“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,” said Tether CEO Paolo Ardoino in a blog post.
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