{"id":102514,"date":"2024-12-28T10:55:38","date_gmt":"2024-12-28T14:55:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=102514"},"modified":"2024-12-28T10:57:32","modified_gmt":"2024-12-28T14:57:32","slug":"tether-invests-2m-into-arcanum-capital-fund-ii","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tether-invests-2m-into-arcanum-capital-fund-ii\/","title":{"rendered":"Tether Invests $2m Into Arcanum Capital Fund II"},"content":{"rendered":"\n

Tether has made its first foray into the venture capital industry<\/a> by contributing $2 million to Arcanum Capital fund, which focuses on creating blockchain-based Web3 products.\u00a0
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\"Tether
Tether Invests $2m Into Arcanum Capital Fund II <\/figcaption><\/figure>\n\n\n\n

A recent news release claims that Arcanum Capital's Arcanum Emerging Technologies Fund II has seen $2 million invested in the venture capital field by Tether, a significant stablecoin issuer. As a component of DigitalArray, the fund concentrates on creating decentralized technologies. <\/p>\n\n\n\n

Among other things, Arcanum Capital intends to use Tether's investment to establish Web3-centered projects \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>that aim to integrate blockchain and artificial intelligence, expand on the Bitcoin ecosystem, and explore advances in cryptocurrency payments. <\/p>\n\n\n\n

On the other hand, a portion of the Arcanum cash will be used to speed up projects utilizing Holepunch technology and enhance the use of USDT for payments. <\/p>\n\n\n\n

With support from Bitfinex, Tether, and Hypercore, Holepunch is a platform for creating peer-to-peer applications. <\/p>\n\n\n\n

As this is Tether's first entry into the venture capital field, it signifies a dramatic change in how the blockchain industry<\/a> contributes to expanding venture capital. Paolo Ardoino, the CEO of Tether, was upbeat about the partnership with Arcanum Capital. <\/p>\n\n\n\n

He thinks the collaboration between the two businesses will provide cutting-edge instruments that enable individuals during uncertain times.\u00a0Ardoino in a statement:<\/p>\n\n\n\n

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In a world increasingly shaped by geopolitical tensions and macroeconomic uncertainty, the need for resilient technology to safeguard our freedoms has never been more crucial” <\/p>\n<\/blockquote>\n\n\n\n

According to James McDowall, managing partner of Arcanum Capital, Tether's investment aligns with Arcanum's mission to develop game-changing solutions that advance blockchain innovation.\u00a0McDowall said:<\/p>\n\n\n\n

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We are honored to have Tether as a founding investor in our second fund. Their contribution not only signals a strong vote of confidence in us as asset managers, but also validates our unique mission and approach” <\/p>\n<\/blockquote>\n\n\n\n

The CEO of Tether<\/a> revealed the company's investment areas earlier this month. Commodity trading, TradFi, and Bitcoin mining are a few of these fields. <\/p>\n\n\n\n

Time will tell if the stablecoin plans to make similar investments in the future, as Arcanum Capital is the first time Tether has invested in a venture capital firm.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tether has made its first foray into the venture capital industry by contributing $2 million to Arcanum Capital fund, which focuses on creating blockchain-based Web3 products.\u00a0 A recent news release claims that Arcanum Capital’s Arcanum Emerging Technologies Fund II has seen $2 million invested in the venture capital field by Tether, a significant stablecoin issuer. […]<\/p>\n","protected":false},"author":43,"featured_media":102515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[23227,1103,4042],"class_list":["post-102514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arcanum-capital-fund","tag-tether","tag-venture-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/12\/croc_1735396566276.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=102514"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/102515"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=102514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=102514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=102514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}