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Tether Backs Arcanum Capital Fund Focused on Web3 Technologies

  • 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.

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