Tether's investment arm plans to invest more than $1 billion over the next 12 months
Paolo Ardoino, CEO of Tether Holdings Ltd., has revealed that its investment arm expects to pour more than $1 billion into deals over the next 12 months. Ardoino said in an interview that Tether Investments has a growing team that now has 15 employees who evaluate as many as hundreds of projects each month, most of which come directly from startups. He said the company focuses on alternative financial infrastructure, artificial intelligence and biotech in emerging markets - areas where it has invested about $2 billion over the past two years.
Ardoino said that while Tether plans to keep 100% of the reserves and draw an additional 6% buffer from profits to ensure a smooth redemption of USDT, Tether expects to put a portion of the remaining profits into trading. To help expand its distribution network, the company is investing in infrastructure in emerging markets. The company has also invested more than $1 billion in artificial intelligence, such as backing data center operator Northern Data Group.