Stablecoin issuer Tether led a $5.2 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 financial services through the Bitcoin network. This round of funding will be used to accelerate Ark Labs' infrastructure development and advance its technological research in scalability and privacy protection. (TheBlock)

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