According to Cointelegraph, stablecoin issuer Tether made its first investment of $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II, which focuses on decentralized Web3 projects.
James McDowall, the managing partner of Arcanum Capital, stated that the fund invests in blockchain technology for enhanced remittances, cross-border payments, privacy, and banking services for the unbanked.
Tether CEO Paolo Ardoino emphasized that resisting censorship and promoting open communication are key goals for Tether and the fund. Geopolitical conflicts have exposed the vulnerabilities of centralized infrastructure.
Tether's investment is part of its diversification strategy, and Ardoino stated that the company will continue to advance this strategy in 2025.
In 2024, Tether proposed to the Turkish government to launch a boron-backed token and completed a $45 million oil transaction using USDT for payment.
Tether launched the Hadron tokenization platform in 2025, allowing businesses and governments to tokenize real-world assets. On December 20, Ardoino announced that Tether invested $775 million in the video platform Rumble due to its commitment to free speech.
