Crypto

Tether Backs Ark Labs’ $5.2 Million Bet on Bitcoin’s Stablecoin Revival

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In brief

  • Ark Labs secured backing from Tether and Anchorage Digital.
  • The firm plans to advance stablecoins and real-world assets on its Bitcoin layer.
  • The technology processes transactions off-chain, with fail-safe measures.

Tether has backed Ark Labs in a $5.2 million seed round, as the Bitcoin…

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