Diversification of Stablecoin Earnings Tether Considers Venturing into Commodities Trading

According to previous reports, Tether CEO Paolo Ardoino mentioned in an interview with Bloomberg in June that Tether’s investment department is expected to invest over $1 billion in external funds within the next 12 months. Tether’s recent investments include $100 million in Bitdeer, $18.75 million in XREX Group, as well as data center operator Northern Data Group and brain-computer interface (BCI) technology company Blackrock Neurotech.