PANews reported on December 27 that according to Cointelegraph, stablecoin issuer Tether invested its first crypto venture capital fund in Arcanum Capital's Arcanum Emerging Technology Fund II, a tokenized investment tool specializing in decentralized Web3 projects, with an investment of US$2 million. James McDowall, managing partner of Arcanum Capital, revealed that the fund focuses on investing in blockchain technologies that can enhance remittances, cross-border payments, privacy protection, and provide banking services to the unbanked. In an interview, Tether's CEO Paolo Ardoino emphasized that censorship resistance and promoting open exchanges are the common goals of Tether and the fund.