Stablecoin giant Tether is once again making global headlines with its strategic investment program. Tether revealed plans to venture into the AI & Biotechnology sector in the near future. Based on the latest report dated June 11, the stablecoin giant intends to invest over $1 billion over the next 12 months into the aforementioned sectors through its investment arm, Tether Holdings Inc.
Highlighted by the company's CEO, Paolo Ardoino who informed that this investment plan is in line with recent stablecoin efforts. Here's a closer look at the company's latest investment strategy that is attracting significant attention.
In a recent interview, Tether's CEO claimed that his investment division, a growing team of 15 members, already handles hundreds of pitches every month, mainly from startups. These discussions fueled intense interest in alternative financial infrastructure for emerging markets, artificial intelligence, and biotechnology.
The stablecoin giant has spent over $2 billion aiming to meet this interest-based need, Ardoino said in the interview.
On the other hand, Tether apparently recently invested $200 million in Blackrock Neurotech, a neural implant firm that competes with Elon Musk's Neuralink. In addition, this stablecoin giant also revealed this year that it is expanding its services and engaging into infrastructure solutions that include data, finance, power, and education sectors.
