Tether Plans $1 Billion Investment in Next 12 Months via Venture Capital Arm

cryptonews.com:

Tether has announced an ambitious investment plan of over $1 billion through its venture capital arm within the next year.

This is among Tether’s expansion of its financial commitment to fostering innovation in alternative financial infrastructure, artificial intelligence, and biotechnology.

The company’s investment arm, Tether Investments, has already allocated around $2 billion in these areas over the past two years and continues to evaluate hundreds of new pitches monthly.

Tether Holdings Ltd., the company behind the world’s largest stablecoin, USDT, plans to invest over $1 billion through its venture capital arm within the following year.

Chief Executive Officer Paolo Ardoino revealed this ambitious plan in an interview with Bloomberg, stressing Tether’s expanding financial influence and strategic focus on emerging technologies and markets. Tether Investments, the company’s investment arm, currently has a team of 15 who review hundreds of pitches each month, primarily from startups.

According to Ardoino, the team’s focus areas include alternative financial infrastructure for emerging markets, artificial intelligence, and biotechnology. Over the past two years, Tether has already invested approximately $2 billion in these sectors.

This investment strategy illustrates Tether’s growing ambitions and financial capabilities. The USDT stablecoin, designed to track the US dollar one-to-one, has a market capitalization of about $112.4 billion.

Recently, Tether has been investing most of the reserves backing USDT in US Treasury bills and other securities, generating billions of dollars in profits in the current high interest-rate environment. While Tether plans to maintain 100% of its reserves plus an additional 6%