According to a report by Bloomberg on Tuesday, Paolo Ardoino, the CEO of Tether, the issuer of the stablecoin USDT, stated in an interview that the company’s investment arm is planning to invest $1 billion 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 for investment that Paolo Ardoino will use will come from these operational profits.
Paolo Ardoino mentioned that the investment department consists of 15 members from various industries, evaluating hundreds of financing proposals each month, with a focus on investing in emerging markets’ alternative financial infrastructure, artificial intelligence (AI), and biotechnology.
Reportedly, Tether has invested approximately $2 billion in these areas over the past two years. Some notable examples include Tether’s 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.
Furthermore, 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 data center operator Northern Data Group. Paolo Ardoino told Bloomberg:
