Tether CEO: 'Investing Over $1 Billion in the Next 12 Months'

IconCryptoNewsTerminal Staff11 Jun, 2024

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Tether CEO: 'Investing Over $1 Billion in the Next 12 Months'

Tether, a leading stablecoin issuer, is planning to invest over $1 billion in the next 12 months through its investment arm, Tether Investments. The investment arm focuses on alternative financial infrastructure in various sectors, including artificial intelligence and biotechnology. It has deployed around $2 billion over the last two years. This investment is aimed at expanding Tether's portfolio and driving innovation in the alternative financial infrastructure space.