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TETHER INVESTS $2M IN ARCANIUM CAPITAL'S FUND II FOR THE DEVELOPMENT OF DECENTRALIZED TECHNOLOGIES - Leading stablecoin provider @Tether_to has committed to advancing Web3 projects following its recent investment in Arcanium Capital's Emerging Technologies Fund II. - The… https://t.co/CEiQcWmIQk https://t.co/VSftpYHMZz
📢JUST IN: TETHER INVESTS $2M IN ARCANUM CAPITAL’S FUND II, FOR THE DEVELOPMENT OF DECENTRALIZED TECHNOLOGIES
Imagine a business where someones wires you $USD for you to create a digital version of it and those coins largely stay in "crypto circulation" so you can effectively invest the $ in short term US Goverment Paper yielding 4-5%. This is Tether.
Tether, a leading stablecoin provider, has made its first venture capital investment by committing $2 million to Arcanum Capital’s Web3-focused Arcanum Emerging Technologies Fund II. This fund aims to support blockchain innovations, particularly in areas such as cross-border payments and decentralized technologies. The investment marks a strategic move for Tether as it seeks to advance Web3 projects and contribute to the development of technologies that enhance financial systems and reduce censorship.
