Stablecoin issuer Tether led a $520 million seed round for Bitcoin Layer 2 infrastructure startup Ark Labs. Ark Labs is dedicated to developing a Bitcoin layer based on the Ark protocol, aiming to provide low-cost, efficient stablecoin payments and programmable finance services through the Bitcoin network. The funding will be used to accelerate Ark Labs' infrastructure development and advance its technical research in scalability and privacy protection. (TheBlock)

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