Tether's CEO, Paolo Ardoino, recently revealed that his company has invested over $5 billion into US-based companies over the past two years. This investment highlights how Tether continues to support the US economy, while the United States works on legislation related to stablecoins.
Tether Positions Itself as a Pro-American Company
According to Ardoino, the company has invested in several significant US companies, including the video-sharing platform Rumble and the startup BlackRock Neurotech. Earlier this year, Tether invested $775 million into Rumble, acquiring over 103 million Class A common shares. In 2024, the company also invested $200 million into BlackRock Neurotech, a company focused on brain-computer interfaces.
Additionally, Tether increased its stake in mining company Bitdeer to 21%, making it one of the major shareholders. The company is also allocating its hash rate to the OCEAN mining pool.
Tether and US Treasury Bonds
Tether also has significant exposure to US Treasury bonds, holding over $120 billion in them. This makes it the 19th largest holder of US Treasury bonds, with more bonds than several countries, including Germany and the United Arab Emirates.
Tether’s Pro-American Stance Amid Stablecoin Regulation
In recent months, Tether has been positioning itself as a pro-American company, especially as the US faces increasing pressure to regulate stablecoins. Ardoino pointed out that competitors are lobbying politicians to eliminate Tether, rather than working to create better products.
The company continues to assert that its USDT stablecoin is key to spreading the US dollar, particularly in emerging markets. Tether has become one of the most important pro-American companies globally, as noted by crypto entrepreneur Anthony Pompliano.
Tether Faces Regulatory Challenges but Plans New Stablecoin for the US
Despite criticism and regulatory challenges, Tether remains dominant in the stablecoin market, with over $153 billion in circulation. USDT is widely accepted in emerging markets, but its adoption in the US and Europe is limited. Several European exchanges have already delisted USDT due to non-compliance with MiCA regulations.
Tether decided not to obtain a MiCA license for user protection but plans to issue a separate dollar-backed stablecoin for the US market. This new stablecoin is expected to be launched after the approval of US stablecoin legislation.
Tether continues to focus its USDT on emerging economies, underscoring its strategy for growth in these regions.
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