Tether’s CEO, Paolo Ardoino, shared insights on the company’s recent investments across various sectors, including Bitcoin mining, traditional finance (TradFi), and payments for commodity transactions.
In an interview conducted during the Emergence Conference in Prague on December 5, Paolo Ardoino revealed that Tether (USDT) has generated over $13 billion in profits. Tether currently boasts a market cap exceeding $135 billion, alongside more than $6 billion in surplus equity. These resources are strategically allocated to enhance Tether’s expanding stablecoin investment portfolio.
“The stablecoin and other ventures are managed separately through a distinct entity known as Tether Investments, which has been diversified across multiple sectors,” Ardoino explained.
One focus area is Bitcoin (BTC) mining. Ardoino expressed that he and the Tether team are “ardent supporters” of Bitcoin mining and aim to actively engage in preserving Bitcoin’s limited supply to prevent excessive centralization. He acknowledged that Tether has invested in Bitcoin mining companies in smaller nations, particularly in Central and South America.
“We cannot depend solely on two or three companies to account for 90% of the mining operations. Thus, we need to strengthen global support to enhance Bitcoin’s security. This is one of our key investment strategies,” Ardoino stated.
Tether is also keenly interested in TradFi and coin trading. Ardoino mentioned that the company has embarked on several initiatives in the traditional finance arena and has served as “a short-term lender” for various operations.
Moreover, Ardoino highlighted Tether’s exploration of using USDT for cross-border payments, particularly in commodity trading. He believes stablecoins could revolutionize this sector by greatly simplifying the payment process.
In contrast to typical credit transfers that tend to be time-consuming, USDT transactions are processed much quicker, with confirmations occurring in mere seconds.
“This is an area where we plan to invest considerable resources, as we recognize the potential of USDT to be a transformative force,” Ardoino remarked.
Tether has also been directing investments toward numerous “small companies worldwide,” predominantly situated in developing nations within emerging markets. Additionally, Tether continues to support ventures initiated previously, including brain-computer interface technology firm Blackrock Neurotech and AI infrastructure company Northern Data Group.
