According to BlockBeats, on December 27, stablecoin issuer Tether made its first investment in Arcanum Capital’s Arcanum Emerging Technologies Fund II, a tokenized investment tool focused on decentralized Web3 projects, with an investment amount of US$2 million.
James McDowall, managing partner at Arcanum Capital, said the fund invests in blockchain technologies that can enhance remittances, cross-border payments, privacy protection and banking services for the unbanked.
Tether CEO Paolo Ardoino said in an interview that resistance to censorship and promotion of open communications are key goals of Tether and the fund. Diversification has become a focus of Tether, and the company will continue to advance this strategy in 2025. (Cointelegraph)