Tether participates in Ark Labs' $5.2 million seed round to advance Bitcoin stablecoins and programmable financial infrastructure.

CoinFeed reported on March 12th that Ark Labs, a Bitcoin Layer 2 infrastructure developer, has completed a $5.2 million seed funding round. Investors include Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, Contribution Capital, and individual investors such as Anchorage Digital and former PayPal CFO Ralph Ho. The funds will be used to expand its Bitcoin-native L2 platform, Arkade, to integrate stablecoins and other digital assets, and to increase the team size from 10 to approximately 25 people, strengthening developer relationships, product development, and partner onboarding.