Tether plans to invest over $1 billion in AI and biotech through its investment arm, Tether Holdings Inc within the next year.
Stablecoin powerhouse Tether has once again made headlines around the world with its strategic investment projects. The company has revealed that it intends to enter the artificial intelligence and biotechnology industries in the not-too-distant future.
The stablecoin behemoth plans to invest over one billion dollars in the aforementioned industries over the next year through its investment arm, Tether Holdings Inc., according to a June 11th story.
Paolo Adrino Highlights Investment Strategy
Paolo Ardoino, the company’s chief executive officer, revealed this investment strategy as a continuation of the stablecoin’s previous forays into a variety of industries, including the data, finance, and neural implant sectors, among many others.
Here is a more in-depth look at the most recent investment strategy that the company has implemented, which has acquired a lot of popularity.
In a recent interview, the CEO of Tether revealed that the company’s investments division, with a growing staff of fifteen individuals, manages hundreds of pitches each month, primarily from startups. It just so happens that these discussions have a strong interest in alternative financial infrastructure for emerging countries, artificial intelligence, and biotechnology.
Ardoino continued by saying, “We are able to provide artificial intelligence computing to all of the businesses that we have invested in.” The key is to make investments in technology that can assist in the process of disintermediation with traditional financial institutions.
There is a heightened level of autonomy from prominent technology companies like Google, Amazon, and Microsoft. Ardoino noted in the interview that the world’s largest stablecoin company has already spent more than two billion dollars in an effort to fulfill these interest-driven requirements.
Tether’s Diversification Beyond Stablecoin
It appears that Tether has recently invested a staggering $200 million in Blackrock Neurotech. Additionally, this year, the stablecoin behemoth disclosed that it is broadening the scope of its services and moving forward with infrastructure solutions that include the data, banking, power, and education sectors.
In addition, it is important to mention that the company that introduced the stablecoin USDT reported a profit of $4.52 billion for the first quarter of 2024, as stated in a recent post by the CEO on X.
Regarding this matter, Ardoino continued by saying, “You can imagine that the news that Tether is making good money went around the world,” expressing a gleam of optimism for the stablecoin creator.