Tether, the leading stablecoin issuing company, has recently diversified its investments by venturing into emerging crypto and artificial intelligence firms. This move indicates the company’s commitment to expanding its operations beyond stablecoins.
In recent months, Tether has explored various sectors such as peer-to-peer communication, Bitcoin mining, renewable energy, and artificial intelligence.
One of Tether’s latest investments is in XREX Group, where the stablecoin issuer injected $18.75 million to support innovation and facilitate cross-border settlements using its flagship stablecoin, USDT. This funding will help XREX revolutionize financial transactions in emerging markets and launch a USD-pegged stablecoin called XAU1 over-reserved with Tether Gold.
Tether also entered a $150 million private placement financing deal with Bitdeer, a blockchain and high-performance computing firm. This agreement granted Tether a private placement of Bitdeer’s Class A ordinary shares and a warrant for additional shares.
Moreover, Tether became a major stakeholder in Blackrock Neurotech, a Brain-Computer Interface technology platform, after investing $200 million in the firm. The company has shown interest in AI-related projects and aims to invest its profits in such ventures.
These strategic investments align with Tether’s long-term vision of building a resilient infrastructure beyond the crypto market. CEO Paolo Ardoino emphasized the company’s commitment to fostering financial inclusion in emerging markets through diversified investments in various industry sectors.