Deep Tide TechFlow News, November 12: According to Protos, Tether, the world’s largest stablecoin issuer, has stock market exposure worth approximately $4.8 billion through investments in 13 U.S.-listed companies. The figures are based on U.S. securities regulatory filings and market prices from early November 2026.

Among these, Tether’s stake in bitcoin treasury company Twenty One Capital (XXI) is worth approximately $1.367 billion; its investment exposure to video platform Rumble (RUM) is approximately $1.328 billion; and its stake in agricultural company Adecoagro (AGRO) is worth approximately $966 million. Together, these three account for approximately 76% of its total exposure.

In addition, Tether has invested in companies such as Bitdeer and Elemental Royalty, whose businesses span areas including Bitcoin mining, gold mining rights, and satellite technology.

Reports say these investments mainly come from Tether’s profits and excess reserves, and should not be directly equated with the liquid reserve assets backing USDT issuance.