Tether CEO Paolo Ardoino revealed the investment portfolio of the stablecoin issuer, showcasing a diverse range of investments.
However, despite the extensive business of the cryptocurrency company, its entry into the European market is still hindered by the strict requirements of MiCA.
Tether Ventures: Strategic Shift Beyond Stablecoins
Ardoino shared Tether's long-term vision and disclosed a broad investment portfolio. Contrary to expectations, the company's profits are being used for investment portfolios rather than stablecoin reserves.
According to reports, Tether has invested in over 120 companies and stated that this number will "significantly increase" in the coming months and years.
Some portfolios posted on Tether's official site include names like Bitdeer, Northern Data, Holepunch, Synonym, and Quantoz. These span various industries from digital infrastructure to decentralized communication, education, and AI.
The portfolio also includes Academy of Digital Industries, Adecoagro, Crystal Intelligence, Elemental Royalties, Neurotech, and Rumble.
"These investments were made from Tether's own profits (USD 13.7 billion in 2024) outside of USDt (and other stables) reserves, as part of the Tether investment division." โ Paolo Ardoino, Tether CEO, explained in a post.
The capital came from the company's US Treasury earnings, which amount to $130 billion.
The expanded scope of Tether Ventures highlights the company's growth from a simple stablecoin issuer to a central player in the cryptocurrency ecosystem.
This demonstrates Tether's momentum to impact beyond the stablecoin economy, with capital flowing into various fields such as Bitcoin infrastructure, energy, fintech, and emerging markets.
"Tether: A giant of the 21st century, building beyond stablecoins. Congratulations to Paolo and his portfolio." โ Tran Hung, CEO of Web3 shopping infrastructure UQUID, in a comment.
According to Ardoino, these investments are part of a broader strategy to strengthen USDT's position amid increasingly stringent global regulations.
MiCA Friction: Tether Reluctant to Comply with European Stablecoin Regulations
Indeed, challenges remain in Europe within the MiCA (Markets in Crypto-Assets) regulatory framework. BeInCrypto recently reported that the EU has approved 53 cryptocurrency companies under MiCA, with Tether and Binance remaining clear exceptions.
The key entries on the list include Kraken Exchange, Bybit Exchange, and Coinbase Exchange.
[The rest of the translation follows the same professional and accurate approach]The next regulatory review is expected to arrive in September, with a 9-month status update of MiCA anticipated.
