Stablecoin issuer Tether invested $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II, a tokenized investment vehicle specializing in decentralized Web3 projects. James McDowall, managing partner of Arcanum Capital, said the fund invests in blockchain technology to enhance remittances, cross-border transfers, privacy and banking services for the unbanked. Paolo Ardoino, CEO of Tether, said anti-censorship and promoting open communication are the main goals of Tether and the fund.