PANews June 11 news, according to Bloomberg, Paolo Ardoino, CEO of Tether Holdings Ltd., revealed that its investment department expects to invest more than $1 billion in transactions in the next 12 months. Ardoino said in an interview that Tether Investments has a growing team, which currently has 15 employees, who evaluate up to hundreds of projects per month, most of which come directly from start-ups. He said the company focuses on alternative financial infrastructure, artificial intelligence and biotechnology in emerging markets - in the past two years, the company has invested about $2 billion in these areas.
Ardoino said that while Tether plans to continue to keep 100% of its reserves and extract an additional 6% buffer from profits to ensure smooth redemption of USDT, Tether expects to invest part of the remaining profits into trading. To help expand its distribution network, the company is investing in infrastructure in emerging markets. The company has also invested more than $1 billion in artificial intelligence, such as supporting data center operator Northern Data Group.