Tether, the issuer of the world’s largest stablecoin USDT, has disclosed a portion of its investment portfolio, revealing an involvement in cryptocurrencies that extend beyond Bitcoin (BTC). The announcement comes as Tether reports record profits in 2024, which have been used to fund these strategic investments in more than 120 companies across multiple sectors.
Tether Expands Investment Portfolio Beyond Bitcoin
Tether has unveiled a glimpse into its expansive investment portfolio, marking a significant pivot in its capital allocation strategy beyond just Bitcoin. The Chief Executive Officer (CEO) of Tether, Paolo Ardoino, confirmed in an X social media post that the stablecoin firm has invested in over 120 companies as part of its Tether Investment division. He added that this number is expected to grow in the coming months and years.
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Notably, Ardoino disclosed that these investments are funded exclusively through the company’s record profits from 2024, which total $13.7 billion. He emphasized that none of the funds were obtained from reserves backing Tether’s stablecoin.
Interestingly, Tether’s profits, generated from yield on its holdings of over $130 billion in US Treasuries, are now being directed into transformative industries through some of the most prominent companies. Its venture arm has expanded its focus past Bitcoin, now investing in areas like Artificial Intelligence (AI), renewable energy, privacy infrastructure, tokenization, agriculture, and others.
When asked by Crypto Tale how this diverse portfolio supports USDT’s position amid an increasingly stringent global regulatory environment, Ardoino underscored its strategic importance. On the question of USDT’s future in Europe under the continent’s new MiCA regulations, the Tether CEO stated that the stablecoin company would only consider re-entry once the regulatory landscape offers stronger protections for both consumers and stablecoin issuers.
Companies In Tether’s Venture Portfolio
On its official website, Tether shared a partial list of some of the companies among the 120 it has invested in. These range from blockchain infrastructure platforms like Synonym and Holepunch, to AI-focused firms like Crystal Intelligence, and payment technology providers such as CityPay.io and Sorted Wallet. The presence of companies like Blackrock Neurotech and Adecoagro reflects a commitment to broader technological and environmental impact, reaching into…
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