Tether has joined Ark Labs’ $5.2 million seed round as the company pushes to bring stablecoins, programmable payments, and financial tools to the Bitcoin network.
Key Takeaways
- Tether invested in Ark Labs as part of a $5.2 million seed round focused on expanding stablecoin infrastructure on Bitcoin.
- Ark Labs is building Arkade, an execution layer designed to support instant and programmable transactions on Bitcoin.
- The funding brings Ark Labs’ total backing to more than $7.7 million
- The move highlights a broader push to turn Bitcoin into a stronger base for payments, lending, and digital finance
The great enshitification has begun
sounds like a bunch of bulls***
What does it even mean, "bring USDT to Bitcoin with instant settlement."
USDT is a token that supposed to represent a dollar. What does it have to do with bitcoin? Why does it mean to have infrastructure "on" bitcoin?
unbelivable... indeed obvious!
When you read news like these, this is the image that should be in your mind