PANews reported on February 7 that according to Bloomberg, Tether CEO Paolo Ardoino said at the Plan B Forum in El Salvador that Tether has been accepted by "mainstream institutions" and plans to accelerate its investment. Tether currently holds more than $94.5 billion in U.S. debt, with unaudited profits exceeding $13 billion in 2024 and $7 billion in excess reserves. Recently, Tether has invested in the right-wing social media Rumble ($775 million), which has close ties with senior Trump administration officials. In addition, Tether has been involved in non-encrypted investments in agriculture, artificial intelligence, brain-computer interfaces, and other non-encrypted fields in recent years, perhaps to hedge against future market changes. Analysts believe that Tether is gradually expanding its influence and strengthening its position in the global financial system.
Tether CEO: Tether has been accepted by "mainstream institutions" and plans to accelerate investment
Share to:
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
