Tether Expects to Invest Over $1B in Deals in the Next Year: Bloomberg

As an experienced financial analyst, I find Tether’s investment strategy intriguing. With their vast reserves, generating profits through U.S. treasury bills and other securities is a sound approach. However, allocating a significant portion of those profits towards deals in areas like financial infrastructure, AI, and biotech shows a forward-thinking vision.

According to a Bloomberg report released on Tuesday, the investment branch of Tether, the stablecoin developer, led by CEO Paolo Ardoino, anticipates closing deals amounting to approximately $1 billion within the upcoming year.

As a crypto investor, I’d put it this way: Tether, the stablecoin issuer, has been actively investing in financial infrastructure, artificial intelligence (AI), and biotechnology based on Ardoino’s recent interview statements. In fact, we’ve poured around $2 billion into these sectors over the past two years, and we plan to keep up this trend going forward.

As the head researcher at Tether, the company managing the world’s largest stablecoin USDT, I can tell you that a significant portion of our reserves is invested in U.S. treasury bills and other secure financial instruments to generate massive returns. Our CEO, Paolo Ardoino, has announced that we will allocate a portion of these earnings towards business deals.

He expressed the importance of investing in technological solutions that reduce the need for intermediaries in the financial sector. This means relying less on large tech corporations such as Google, Amazon, and Microsoft for financial services.

Tether has made some significant investments so far, including a $200 million leading position in the brain-computer interface firm, Blackrock Neurotech, and a partnership with data cloud provider, Northern Data Group.

Tether did not immediately respond to CoinDesk’s request for further comment.