Paolo Ardoino, CEO of Tether, has unveiled details about the company's expanding investment portfolio. Tether is now focusing on Bitcoin mining, traditional finance (TradFi), and commodity trading, marking a significant shift in the company’s strategy.
Tether’s Impressive Financial Performance
Speaking at the Emergence Conference in Prague on December 5, Ardoino revealed that Tether has achieved over $13 billion in profits. With a market capitalization exceeding $135 billion and an additional capital surplus of $6 billion, the company is leveraging these resources to grow its portfolio.
“Tether’s investments extend into various sectors, moving beyond conventional conservative approaches,” Ardoino stated.
Bitcoin Mining as a Priority
One of Tether’s primary investment areas is Bitcoin mining. Ardoino emphasized that the Tether team is a “big fan” of mining and aims to contribute to Bitcoin’s decentralization.
“We cannot rely on two or three companies controlling 90% of mining. It is essential to bring in new miners from different parts of the world,” he explained. Tether is investing in mining operations in smaller countries as well as in Central and South America.
TradFi and Commodities: New Opportunities
Tether is also focusing on TradFi (traditional finance) and commodity trading, acting as a short-term lender and exploring the use of stablecoins like USDT for cross-border payments in the commodity sector.
“Stablecoins have the potential to simplify payment processes in commodity trading, where traditional transfers often take a long time. USDT enables transactions to be completed within seconds,” Ardoino said.
Additional Investments and Future Plans
Beyond Bitcoin and TradFi, Tether is investing in emerging markets and small companies worldwide. Notable projects include:
Blackrock Neurotech, developing technologies for brain-computer interfaces.Northern Data Group, focusing on infrastructure for artificial intelligence.
Tether as a Game Changer
Ardoino believes that stablecoins like USDT have the potential to become a “game changer” in the financial world. Tether plans to continue diversifying its investments and focus on areas that can drive innovation and growth in the global economy.
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