Here’s a Timeline of Tether’s Latest Investments

The largest stablecoin issuer, Tether, has recently made a lot of investments in cryptocurrency and AI startups. These investments and the company's progress beyond stablecoins show that the entity is keen to expand its operations.

Over the past few months, Tether has ventured into other sectors such as peer-to-peer communications, Bitcoin mining, renewable energy, and artificial intelligence.

Tether's latest investments

XREX Group is the latest company in which Tether has invested. Earlier this week, the stablecoin issuer Announce It has strategically injected $18.75 million into the blockchain-enabled financial institution to drive innovation and facilitate cross-border settlements through its flagship stablecoin, USDT, for emerging markets.

Tether financing will enable XREX to revolutionize financial transactions in emerging markets by providing ease and efficiency to businesses and reducing costs. In addition, XREX will collaborate with the Unitas Foundation to launch XAU1, a unified stablecoin pegged to the US dollar and redundant with Tether Gold (XAUt).

Commenting on the agreement, Paolo Ardoino, CEO of Tether, said: “Tether’s strategic investment in the The limits of the cryptocurrency market, as evidenced by our diverse investments in various industry sectors.

Over a week ago, Tether I entered $150 million private placement financing deal with blockchain and high-performance computing company Bitdeer. The agreement granted Tether a private placement of 18,587,360 Class A common shares of Bitdeer and a warrant to purchase up to an additional 5,000,000 shares at a price of $10 per share.

The issuance generated total proceeds of $100 million, and Tether could offer an additional $50 million if Bitdeer exercises the warrant in full.

Investing profits in artificial intelligence

CryptoPotato It was reported in April that Tether had become a major shareholder in brain-computer interface (BCI) technology platform BlackRock Neurotech after investing $200 million in the company. Notably, the company has also engaged in some AI-related businesses and has been looking for relevant talent to add to its AI team.

Tether's latest moves align with Arduino's statements during a recent interview CryptoPotato At the 2024 Token2049 conference in Dubai. He said the industry could see a trend of AI-related investments soon. The CEO also noted that Tether only invests its profits in AI projects.