TETHER WILL DOMINATE BITCOIN MINING BY 2025, SAYS CEO
In addition to dominating the stablecoin market, Tether plans to become the largest Bitcoin miner in the world by 2025. CEO Paolo Ardoino revealed that mining is a strategy to protect its huge exposure, with more than 100,000 BTC in cash, and to reinforce the security of the Bitcoin network. With investments of more than US$2 billion in infrastructure and renewable energy in Latin America - especially in Uruguay, Paraguay and El Salvador - Tether is advancing steadily in the mining sector, seeking strategic control beyond the simple issuance of tokens. The company seeks transparency and resilience, differentiating itself from miners that promise easy returns, consolidating its role behind the scenes of the Bitcoin network.
