Stablecoin issuer Tether invested $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II, a tokenized investment vehicle specializing in decentralized Web3 projects.
James McDowall, managing partner of Arcanum Capital, said the fund invests in blockchain technology to enhance remittances, cross-border transfers, privacy and banking services for the unbanked. Paolo Ardoino, CEO of Tether, said anti-censorship and promoting open communication are the main goals of Tether and the fund.
Tether invests $2 million in Arcanum Capital's tokenized investment vehicle
2024-12-26 18:39:18
Stablecoins issuers tethers arcana capital arcana emerging technologiesdesk3cryptocurrencydesktopCrypto News
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