⚡ Tether Shifts Focus: From Stablecoins to Diversified Investments
posted 16 hr ago
After multiple delistings of its USDT stablecoin from European exchanges, Tether is pivoting towards risk diversification and investing in promising Web3 projects.
After multiple delistings of its USDT stablecoin from European exchanges, Tether is pivoting towards risk diversification and investing in promising Web3 projects.
A key step in this strategy is Tether’s $2 million investment in the Arcanum Emerging Technologies Fund II by Arcanum Capital.
This tokenized fund focuses on decentralized Web3 projects, reflecting Tether’s shift toward diversifying its business and exploring new opportunities beyond stablecoins.
James McDowell, managing partner at Arcanum Capital, highlighted that the fund is focused on blockchain solutions that improve money transfers, cross-border payments, privacy, and access to banking services for underserved populations.
Arcanum Focuses on Fast Crypto Transfer Systems. Source: arcanum.capital
Tether CEO Paolo Ardoino stressed that the company values ideological principles as much as financial gains. He noted that resisting censorship and supporting open communication are core goals for both Tether and Arcanum Capital.
Ardoino pointed out that the tension between traditional financial systems and individual freedoms is escalating each year, particularly in the face of geopolitical instability and increasing restrictions on free speech. Consequently, the partnership will prioritize ensuring that projects aimed at preserving individual freedoms and privacy are not overlooked.
As an example, on December 20, Tether announced a $775 million investment in the Canadian video hosting platform Rumble, recognized for its dedication to free speech, its embrace of cryptocurrencies, and its resistance to content censorship.
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