cryptofamily

Tether expands investment amid massive adoption

According to PANews, Tether CEO Paolo Ardoino announced at the Plan B Forum in El Salvador that the company has been recognized by major institutions and plans to accelerate its investment activities. Tether currently holds more than $94.5 billion in U.S. Treasuries and has reported unaudited earnings in excess of $13 billion in 2024, as well as $7 billion in excess reserves. Tether recently invested $775 million in right-wing social media platform Rumble, which has close ties to senior officials in the administration of U.S. President Donald Trump. In recent years, Tether has also ventured into non-cryptocurrency sectors such as agriculture, artificial intelligence and brain-computer interfaces, potentially as a strategy to hedge against future market changes. Analysts suggest that Tether is gradually expanding its influence and strengthening its position in the global financial system.