🏛️ Tether plans to invest more than $1 billion – What sectors is the stablecoin giant targeting.

💹 Tether, the giant behind the USDT stablecoin, plans to invest a significant portion of its profits in new technologies. We are talking about almost $1 billion injected over the next 12 months

☑️ For the first quarter of this year 2024, the company declared having recorded a record profit of $4.5 billion, notably via capital gains made on Bitcoin and gold. Of this colossal sum, only 22% comes from operating profits.

📊 With a market capitalization of $112.4 billion on its stablecoin, the company invests the majority of its reserves in United States Treasuries to support USDT. In an environment which currently offers rather high interest rates, this strategy has enabled the company to reap comfortable profits.

🚨 The company does not plan to touch its reserves at the moment and is even considering removing an additional 6% from its profits in order to ensure a smooth redemption of USDT. #tether #USDT。 #Stablecoins