According to a report by Bloomberg on Tuesday, Paolo Ardoino, CEO of Tether, the issuer of the USDT stablecoin, stated in an interview that the company’s investment department is expected to make a $1 billion investment next year. As the operator of the world’s largest stablecoin USDT, Tether has invested most of its reserves in US Treasury securities and other securities, generating billions of dollars in profits to date. The funds used by Paolo Ardoino for investments will come from these operational profits.
Paolo Ardoino stated that the investment department has 15 members from different industries, evaluating hundreds of financing proposals each month, with the majority being startups. Key investment areas include alternative financial infrastructure in emerging markets, artificial intelligence (AI), and biotechnology.
Reportedly, Tether has invested approximately $2 billion in these areas over the past two years. Some notable examples include a majority stake of $200 million in the brain-machine interface company Blackrock Neurotech and a recent investment of $18.75 million in the Taiwan exchange XREX Group.
Additionally, a significant part of Tether’s investment strategy involves artificial intelligence technology. The company has invested over $1 billion in the AI industry, such as supporting the data center operator Northern Data Group. Paolo Ardoino told Bloomberg:
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