Tether backs Ark Labs’ $5.2M round to expand stablecoin infrastructure on Bitcoin through Arkade, enabling faster transactions and payments.

The funding will be used to expand development of the Zcash protocol and its privacy-focused self-custodial mobile wallet, Zodl (formerly Zashi).

Ark Labs announced it secured $5.2 million in a seed funding round led by Tether alongside investors including Ego Death Capital, Epoch VC, Lion26, Sats Ventures and Contribution Capital.

Tether backed Ark Labs in a $5.2M round to develop programmable infrastructure enabling stablecoins like USDT on Bitcoin.

Kevin Mandia’s Armadin raises record $189.9M to develop AI-driven cyberattack simulation software - SiliconANGLE ...