Tether, best known for issuing the world’s largest stablecoin, USDT, has been making aggressive inroads into U.S. markets—quietly channeling around $5 billion into American tech firms and infrastructure since 2022.
CEO Paolo Ardoino recently revealed that Tether’s investment strategy spans sectors ranging from decentralized media to neuroscience and Bitcoin infrastructure. Highlights include a $770 million acquisition of 100 million Class A shares in Rumble, a video platform seen as a decentralized alternative to YouTube, and a $200 million injection into Blackrock Neurotech, a startup pioneering brain-implant technology to help paralyzed patients regain communication.
Tether has also deepened its presence in Bitcoin mining, directing hashrate to Wyoming-based pool OCEAN. Ties with Swan Bitcoin, however, have reportedly fractured, with legal tensions emerging.
Outside of equity investments, the company now ranks among the world’s largest holders of U.S. Treasuries—surpassing countries like Germany with over $120 billion in exposure across various instruments. These reserves support USDT’s dollar peg and are held primarily through Cantor Fitzgerald.
The investments follow a record $13 billion profit in 2024, enabling Tether to diversify into industries such as agriculture, sports, and media. While USDT remains dominant, growing regulatory scrutiny has prompted the company to explore launching a compliant, U.S.-specific stablecoin in the near future.
In a recent interview with Bankless, Tether CEO Paolo Ardoino shed light on the growing adoption of stablecoins like USDT, linking their rise to global economic instability and shifting generational dynamics.
In a statement that marks a major policy shift, U.S. Treasury Secretary Scott Bessent confirmed that blockchain technologies will play a central role in the future of American payments, with the U.S. dollar officially moving “onchain.”
JPMorgan and other major U.S. banks are under fire for a lawsuit aimed at dismantling the Consumer Financial Protection Bureau’s (CFPB) newly established “Open Banking Rule.”
The crypto market remains firmly in “Greed” territory, with CoinMarketCap’s Fear & Greed Index clocking in at 69/100 on July 19. Despite a modest 24-hour dip from 71, the index has now held above 60 for 11 consecutive days.