According to TechFlow, Paolo Ardoino, CEO of Tether Holdings Ltd., revealed that the company's investment department plans to invest more than US$1 billion in transactions in the next 12 months.
The unit, which already has 15 employees, focuses on evaluating alternative financial infrastructure, artificial intelligence and biotechnology projects in emerging markets.
The company plans to keep 100% of its reserves and extract a 6% buffer from profits to ensure smooth redemption of USDT, but expects to invest part of the remaining profits in trading and invest in infrastructure in emerging markets to expand the distribution network.
The company has also invested more than $1 billion in artificial intelligence, for example by backing data center operator Northern Data Group.
