Stablecoin issuer Tether has made a venture capital fund investment into an Arcanum Capital fund dedicated to supporting decentralized technologies.
The partnership aims to speed the development of the bitcoin ecosystem, blockchain and AI, blockchain infrastructure, payments innovations, privacy-focused technologies, and other Web3 technologies.
A portion of the fund will focus on companies using Tether's stablecoin and technology that enables the creation of apps that don't use servers.
Stablecoins and crypto payments are emerging as twin engines driving innovation in consumer and business transactions, bridging the gap between traditional finance and cryptocurrencies.