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NRIPage | Articles | Tether Invests $2 Million in Arcanum Capital's Web3 Fund | Get Health & Wellness Tips. Find tips on fitness, mental health, nutrition, and self-care - NRI Page
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Tether Invests $2 Million in Arcanum Capital's Web3 Fund

Tether Invests $2 Million in Arcanum Capital's Web3 Fund

Tether's Web3 Investment Move
Tether, known for issuing the USDT stablecoin, has entered the Web3 investment space by committing $2 million to Arcanum Capital's Emerging Technologies Fund II. Arcanum Capital focuses on funding projects related to blockchain, cryptocurrency, and Web3 sectors. This marks Tether's first investment in Web3 since its inception in 2014.

Focus on Holepunch Technology
Through this investment, Tether aims to support the development of Holepunch technology. This innovation eliminates the need for servers to run specific apps, offering a decentralised alternative to conventional systems. The technology powers apps like Keet, a messaging platform that operates without relying on central servers, ensuring continuous, secure communication.

Tether's Strategic Plans and Geopolitical Focus
Tether CEO Paolo Ardoino emphasized the importance of resilient technologies that protect freedom of speech and finance, especially amid global geopolitical tensions. Part of the funding will also support early-stage firms using USDT for payments and settlements. Tether has been actively expanding its involvement in various funding initiatives, including a partnership with Cantor Fitzgerald LP to lend US dollars against Bitcoin collateral.

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