=USDT stablecoin issuer Tether has announced a major restructuring.#TetherCEO Paolo Ardoino presented the updated concept today at the TOKEN2049 conference.
According to him and today’s message on the company’s website, a new concept will be introduced into its work, providing for expansion beyond the stablecoin sector.
The updated#Tetherwill operate as many as four separate divisions, focused on data, finance, energy and education:
- Tether Data - will engage in strategic investments in emerging technologies and new developments.
- Tether Finance - will be engaged in servicing digital assets, financial solutions and tokenization (a promising area of RWA).
- Tether Power - will be involved in the mining sector and the company’s energy capacities.
- Tether Edu - will be involved in the company’s educational projects.
An ambitious, but quite feasible plan, given the company’s income. Recall that according to the report, Tether earned about $6.2 billion in net profit in 2023.
And, despite all these profits and plans, we believed and still believe that the portfolio of stablecoins should be diversified. Despite how confident Tether seems to be on its feet. When a large amount is accumulated in it, our portfolio looks like this:
-#USDC- 35%,
-#USDT- 30%,
-#FDUSD(instead of #TUSD) - 28%,
-#USDP- 7%.
