Here’s What Tether’s CEO Revealed About the Company’s Bold Move into Venture Capital

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Paolo Ardoino, Tether’s CEO, is steering the company into venture capital, with a focus on emerging areas like AI, as revealed in his recent interview with WIRED.Since Ardoino took over as CEO in December 2023, Tether has been exploring new avenues to invest in its growing profits. Some funds have been allocated to bolster the USDT reserve, while the rest are being funneled into Tether Evo, the company’s venture investment arm.

Regarding investment capital, Ardoino revealed that while Tether will continue to prioritize its stablecoin business, over 90% of its profits will be reinvested in ventures aligned with its vision. Notably, the bulk of Tether’s reserve is composed of short-term US government bonds, which have become more lucrative as interest rates have risen in response to inflation. This strategy has resulted in significant profits, with Tether reporting $5.2 billion inIn 2023, accusations arose suggesting that Tether had used questionable methods to secure banking services during its early operations.

 

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