Tether Invests 2 Million USD in Arcanum Capital
Entering 2024, #Tether - a giant in the stablecoin sector - has shown a strong diversification strategy with a 2 million USD investment in Arcanum Capital. This investment is made through the Arcanum Emerging Technologies Fund II, focusing on supporting Web3 projects.
The main goal of the fund is to promote the application of #blockchain technology in areas such as:
Cross-border payments. Money transfers and privacy protection. Providing banking services for groups that have not accessed the traditional financial system.
This investment not only opens up development opportunities for #ArcanumCapital but also affirms Tether's commitment to expanding its influence beyond the stablecoin sector.
Other Strategic Moves by Tether in 2024
1. Tokenization of Boron resources
Tether has proposed the issuance of collateralized tokens backed by boron, an important mineral in glass and fertilizer production. This initiative is under negotiation with the Turkish government, which controls 70% of the global boron supply.
2. First energy transaction
In October 2024, Tether made its first energy transaction by purchasing 670,000 barrels of crude oil from the Middle East for 45 million USDT. This is the initial step in a commitment to invest 5 billion USD in the commodities market, marking an expansion into the energy sector.
3. Launch of the RWA Hadron platform
Tether announced plans to launch Hadron in 2025, a platform for tokenizing real assets (#RWA ). This platform will allow the tokenization of assets such as government securities and stocks, creating significant opportunities for blockchain technology in traditional finance.
4. Investment in the video platform Rumble
By the end of 2024, Tether has invested 775 million USD in #rumble , a popular video-sharing platform with a free speech and non-censorship policy.
Future Plans: AI and Bitcoin Mining
Tether's CEO revealed that the company will end 2024 with a net profit of over 10 billion USD. In 2025, Tether plans to significantly expand investments in the AI and Bitcoin mining sectors, continuing to strengthen its leading position in the cryptocurrency and technology markets.
Summary
Tether's strong moves in 2024 demonstrate a multi-sector development strategy, from blockchain, energy, real assets to AI technology. With this direction, Tether is not only a stablecoin giant but is also emerging as a versatile financial and technology corporation globally.