CoinVoice recently learned that, according to Cointelegraph, the stablecoin issuer Tether has invested $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II, which is a tokenized investment vehicle specifically focused on decentralized Web3 projects.
James McDowall, the managing partner of Arcanum Capital, revealed that the fund focuses on investing in blockchain technologies that can enhance remittances, cross-border payments, privacy protection, and provide banking services to the unbanked. Tether's CEO Paolo Ardoino emphasized in an interview that resistance to scrutiny and promoting open communication are common goals for Tether and the fund. [Original link]