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Tether has made its first venture capital investment, contributing $2 million to Arcanum Capital’s Emerging Technologies Fund II, which focuses on decentralized Web3 projects. CEO Paolo Ardoino emphasized the importance of censorship resistance and individual freedoms amid increasing financial restrictions. This investment aligns with Tether's broader strategy of diversification, which includes a proposed boron-backed token for Turkey and a $775 million investment in the free-speech video platform Rumble.
James McDowall
People
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Tether invests two million in Arcanum Capital to enhance decentralized technologies
18:00 26.12.2024
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