Tether, the issue of the world’s largest Stablecoin USDT, has announced that it has recovered around $ 5 billion of his profit in American companies and infrastructure in the past two years.
In a post of 26 May on X, Tether CEO Paolo Ardoino revealed that the company has made considerable investments in American companies and emerging technologies, which reflects what many describes as a “pro-American” strategy.
According to Ardoino, the investments cover a series of sectors, including decentralized media, neuroscience and bitcoin mining. Remarkable recipients are Rumble, a platform for sharing videos; Blackrock Neurotech, a startup of the Brain-Computer Interface (BCI); And various Bitcoin mine benches such as Swan Bitcoin.
In one of the most important steps, Tether took over more than 100 million class A shares from Rumble for $ 770 million to support decentralized content platforms. Since then, the USDT emittent has collaborated with Rumble to launch a non-guardianship Bitcoin and Stablecoin portion.
Another $ 200 million was cleared to BlackRock Neurotech in April 2024. The financing has reportedly supported medical breakthroughs, including efforts to restore the patient’s communication skills via devices with brain.
The company also supports Bitcoin infrastructure. It started with the assignment of the current and future Hashraat to Ocean, a mining pool managed by Mummolin Inc., a company in Wyoming. However, the relationship with Swan Bitcoin is tense, with a legal dispute now.
Tether’s US Treasuries
In addition to these stock investments, Tether has built up a prominent position in American treasury. The company has more than $ 120 billion in total exposure by direct purchases, money market funds and reverse repo agreements.
This makes the 19th largest holder of American treasury drawings worldwide, which surpassed $ 111.4 billion exposure from Germany, based on the US Treasury department facts.
The assets serve as the stablecoin reserves and are crucial when maintaining the dollar pen from USDT. Reportedly, most are held in Cantor Fitzgerald, a leading financial institution in the US.
In the meantime, Tether’s aggressive investment strategy is following a record year. In January the company reported more than $ 13 billion in net profit for 2024. This income strengthened its balance and further expansion of agriculture, sports and media permitted despite constant control of supervisors.
While USDT remains the largest stablecoin and the third largest crypto assets per market hood, regulatory uncertainty in the US has led Tether to have tuned a separate stablecoin to comply with the coming rules.
