CandleFocus Tether CEO unveils updated stablecoin portfolio roadmap: Bitcoin mining, TradFi and commodity trading
2024-12-05
Author: Content Editor
Tether CEO Paolo Ardoino announced that the stablecoin firm has made over $13 billion in profits. Tether has more than $135 billion in market cap and $6 billion in additional excess equity, which it is using to expand its investment portfolio. The company has invested in Bitcoin mining to help secure the cryptocurrency's supply and prevent too much centralization. Tether is also interested in TradFi and coin trading, acting as a short-term lender in various operations. The company is exploring the use of Tether for cross-border payments, particularly in commodity trading. Furthermore, Tether is investing in small companies around the world, with a focus on emerging markets.
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