Tether Announces Investment in Inaugural Cryptocurrency Venture Capital Fund, Continuing “Diversification” Strategic Deployment

According to Cointelegraph, stablecoin issuer Tether recently announced the completion of its first “cryptocurrency venture capital fund” investment. The company invested $2 million in Arcanum Capital’s Arcanum Emerging Technologies Fund II. The fund is a tokenized investment tool focusing on decentralized Web3 projects, aiming to promote the application of blockchain technology in remittances, cross-border payments, privacy protection, and the unbanked population.