As Cointelegraph reported, stablecoin issuer Tether has made its first investment in Arcanum Capital’s Arcanum Emerging Technologies Fund II, with an amount of $2 million, which focuses on decentralized Web3 projects.
James McDowall, managing partner at Arcanum Capital, said the fund invests in blockchain technologies that enhance remittances, cross-border payments, privacy and banking services for the unbanked.
Tether CEO Paolo Ardoino stressed that censorship resistance and promoting open exchanges are key goals of Tether and the fund. Geopolitical conflicts have exposed the fragility of centralized infrastructure.
The Tether investment is part of its diversification strategy, which Ardoino said the company will continue to pursue in 2025.
In 2024, Tether proposed to the Turkish government to launch a boron-backed token and completed a $45 million oil transaction paid for with USDT.
Tether will launch the Hadron tokenization platform in 2025, allowing companies and countries to tokenize real-world assets. On December 20, Ardoino announced that Tether invested $775 million in the video platform Rumble for its commitment to free speech.