Tether has funneled over $5 billion of its revenue back into the US economy: CEO
The post Tether has funneled over $5 billion of its revenue back into the US economy: CEO appeared on BitcoinEthereumNews.com. Tether, the USDT stablecoin issuer, has invested around $5 billion of its profits in US-based companies in the last two years, according to company CEO, Paolo Ardoino. The executive disclosed this on X to highlight how the firm is invested in the American economy. According to Ardoino, his firm has invested in some US-based companies, including the video-sharing platform Rumble and the startup Blackrock Neurotech. Tether invested $775 million in Rumble earlier this year, getting over 103 million of the company’s Class A Common Stock. The firm also invested $200 million in BlackRock Neurotech, a brain-to-interface company, in 2024 through its venture division, Tether Evo. The investment made it a majority shareholder. Meanwhile, Ardoino added that Tether has a stake in several Bitcoin mining firms in the US. It recently increased its stake in Bitdeer to 21% to become one of the major shareholders and is allocating the hash rate to the OCEAN mining pool. Beyond the investments in various US-based companies, Tether CEO added that the company also has over $120 billion exposure to US Treasuries, showing how deeply embedded it is in the US economy. With its stake in US Treasuries, which constitute most USDT reserves, Tether is the 19th-largest holder of US debt. It holds more US Treasury bills than several countries, including Germany and the United Arab Emirates, which have $111.4 billion and $104.4 billion, respectively. Tether positions itself as pro-US amid stablecoin regulation efforts Meanwhile, Ardoino’s post is similar to his recent statements, highlighting how Tether is good for America’s interests. With the US working on stablecoin regulations, there are concerns that foreign issuers such as Tether could face more regulatory scrutiny that could impede their growth. A few months ago, Ardoino alleged that competitors have been lobbying politicians to kill Tether. Although he did…
The post Tether has funneled over $5 billion of its revenue back into the US economy: CEO appeared on BitcoinEthereumNews.com.
Tether, the USDT stablecoin issuer, has invested around $5 billion of its profits in US-based companies in the last two years, according to company CEO, Paolo Ardoino. The executive disclosed this on X to highlight how the firm is invested in the American economy. According to Ardoino, his firm has invested in some US-based companies, including the video-sharing platform Rumble and the startup Blackrock Neurotech. Tether invested $775 million in Rumble earlier this year, getting over 103 million of the company’s Class A Common Stock. The firm also invested $200 million in BlackRock Neurotech, a brain-to-interface company, in 2024 through its venture division, Tether Evo. The investment made it a majority shareholder. Meanwhile, Ardoino added that Tether has a stake in several Bitcoin mining firms in the US. It recently increased its stake in Bitdeer to 21% to become one of the major shareholders and is allocating the hash rate to the OCEAN mining pool. Beyond the investments in various US-based companies, Tether CEO added that the company also has over $120 billion exposure to US Treasuries, showing how deeply embedded it is in the US economy. With its stake in US Treasuries, which constitute most USDT reserves, Tether is the 19th-largest holder of US debt. It holds more US Treasury bills than several countries, including Germany and the United Arab Emirates, which have $111.4 billion and $104.4 billion, respectively. Tether positions itself as pro-US amid stablecoin regulation efforts Meanwhile, Ardoino’s post is similar to his recent statements, highlighting how Tether is good for America’s interests. With the US working on stablecoin regulations, there are concerns that foreign issuers such as Tether could face more regulatory scrutiny that could impede their growth. A few months ago, Ardoino alleged that competitors have been lobbying politicians to kill Tether. Although he did…
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