PANews reported on October 1st that crypto venture capital firm Foresight Ventures officially launched a $50 million stablecoin infrastructure fund. This is said to be the industry's first dedicated fund focused on the entire stablecoin value chain.

The fund's investment scope will cover the upstream and downstream ecosystems of stablecoins, including stablecoin issuance, trading, compliant deposit and withdrawal channels, public payment chains, as well as innovative applications in cross-sectors such as stablecoins and real-world assets (RWA), artificial intelligence (AI), and on-chain foreign exchange.