Crypto NEWS and more

card__image
Kimmo

Tether Reveals $13.7B Investment Portfolio in Over 120 Companies

Tether, the leading stablecoin issuer, has unveiled its extensive investment portfolio, which includes more than 120 companies across various sectors of the cryptocurrency industry. The investment arm of Tether, Tether Investments, has deployed $13.7 billion of its own profits into these ventures. It's important to note that these investments are made using Tether's earned profits and do not involve the company's reserves of USDt or other stablecoins. The disclosed companies in Tether's portfolio include prominent names such as CityPay, Bitdeer, and Crystal Intelligence. These investments aim to support the growth and development of the blockchain ecosystem while diversifying Tether's own revenue streams. Tether's decision to invest in these companies demonstrates the stablecoin issuer's commitment to the long-term success of the cryptocurrency industry. By backing innovative projects and startups, Tether is not only securing its own financial future but also contributing to the overall advancement of the digital asset space. However, it's crucial to highlight that these investments do not affect the stability or value of USDt, as they are made using Tether's own capital and not its reserves. This distinction is important for maintaining the trust and confidence of the cryptocurrency community in the stability of Tether's products. As the cryptocurrency market continues to evolve and mature, Tether's strategic investments in key companies will likely play a significant role in shaping the future of the industry. By supporting innovative projects and startups, Tether is positioning itself as a major player in the development of the blockchain ecosystem.