Golden Finance reported that stablecoin issuer Tether invested US$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 payments, privacy and banking services for the unbanked. Tether CEO Paolo Ardoino said that resisting censorship and promoting open communication are the main goals of Tether and the fund.