🚀 Tether Invests $2M in Arcanum Capital's Web3 Fund! 💰
Tether, the issuer of the world's leading stablecoin USDT, has made its first venture capital investment by allocating $2 million to Arcanum Capital's Arcanum Emerging Technologies Fund II. This fund focuses on supporting decentralized Web3 projects aimed at advancing blockchain-based technologies, including remittances, privacy, and financial inclusion.
Tether CEO Paolo Ardoino emphasized the importance of fostering censorship-resistant systems and open communication, especially in the face of growing geopolitical and financial restrictions. He stated, "In a world increasingly shaped by geopolitical tensions and macroeconomic uncertainty, the need for resilient technology to safeguard our freedoms has never been more crucial."
This investment is part of Tether's broader strategy to diversify its business ventures. In October, Tether proposed a boron-backed token to the Turkish government and facilitated its first energy financing deal. The stablecoin issuer also introduced the Hadron tokenization platform in 2025.
What are your thoughts on Tether's investment in Arcanum Capital's Web3 fund? Do you believe this move will significantly impact the development of decentralized technologies?
Source: Cryptopolitan, Binance