Tether's first foray into crypto venture capital, investing $2 million in Arcanum Capital's Arcanum Emerging Technology Fund II 🎉. This fund focuses on decentralized Web3 projects, particularly in areas such as remittances, cross-border payments, and privacy protection. James McDowall, Managing Partner of Arcanum Capital, stated that their goal is to use blockchain technology to serve the unbanked population. Tether's CEO Paolo Ardoino emphasized that overcoming review resistance and open communication is a common goal for both parties. This investment move demonstrates Tether's proactive stance in promoting the application of blockchain technology. 🔍