Recently, Tether CEO Paolo Androino revealed the stablecoin giant’s investment arm plans to invest over $1 billion in AI and biotech next year.
Tether, a stablecoin giant, has once again garnered global attention with its strategic investment programs, which include intentions to enter the AI and biotech sectors in the near future.
Tether Holdings Inc., the stablecoin giant’s investment branch, intends to allocate more than $1 billion to the aforementioned sectors within the next year, according to a report published on June 11.
Paolo Ardoino, the CEO of the firm, has called attention to this investment plan, which is in line with the stablecoin’s recent forays into a variety of sectors, including finance, data, and neural implants.
Here’s an in-depth look into the company’s most recent investment strategy, that gained substantial traction.
Paolo Adrino Highlights Investment Strategy
In a recent interview, the CEO of Tether asserted that the investments division, which is expanding to 15 members, currently manages as many as hundreds of proposals per month, with a particular emphasis on startups.
These discussions are particularly interested in alternative financial infrastructure for emergent markets, artificial intelligence, and biotech.
Ardoino added, “We can offer AI computing to all the companies we have invested in. It’s all about investing in technology that helps with disintermediation with traditional finance. Less reliance on the big tech companies like Google, Amazon, and Microsoft.”
However, Ardoino disclosed in the interview that the stablecoin giant has already allocated more than $2 billion to address these interest-driven requirements.
Recent reports have further emphasized Tether’s diversification of endeavors.
Tether’s Diversification Beyond Stablecoin
It appears that Tether has recently invested a substantial $200 million in Blackrock Neurotech, a neural implant company that competes with Neuralink, a technology developed by Elon Musk.
Additionally, the stablecoin industry leader disclosed this year that it is broadening its offerings and forging ahead with infrastructure solutions that comprise the data, finance, power, and education sectors.
It is also important to mention that the company responsible for the stablecoin USDT reported a $4.52 billion profit in Q1 2024, as indicated in a recent post by the CEO on X.
Ardoino expressed his optimism for the stablecoin producer, stating, “You can imagine that the news that Tether is making good money went around the world.”
