Tether has reinvested over $5 billion of its revenue into the U.S. economy: CEO

Tether, the issuer of the USDT stablecoin, has invested about $5 billion of its profits into U.S.-based companies over the past two years, according to the company’s CEO, Paolo Ardoino. The executive revealed this on X to highlight how the company is invested in the U.S. economy.

According to Ardoino, his company has invested in some U.S.-based companies, including the video-sharing platform Rumble and the startup Blackrock Neurotech.

Tether invested $775 million in Rumble earlier this year, acquiring over 103 million Class A common shares of the company. The company also invested $200 million in BlackRock Neurotech, a brain-interface liaison company, in 2024 through its venture capital division, Tether Evo. This investment made it a majority shareholder.

Meanwhile, Ardoino added that Tether has a stake in several Bitcoin mining companies in the U.S. It recently increased its stake in Bitdeer to 21% to become one of the major shareholders and allocates hashing power to the OCEAN mining pool.

Beyond investments in various U.S.-based companies, Tether's CEO added that the company also has more than $120 billion in exposure to U.S. Treasury bonds, showing how deeply integrated it is in the U.S. economy.

With its holdings in U.S. Treasury bonds, which constitute the majority of USDT reserves, Tether is the 19th largest holder of U.S. debt. It holds more U.S. Treasury bonds than several countries, including Germany and the UAE, which have $111.4 billion and $104.4 billion, respectively.

Tether positions itself as pro-American amid stablecoin regulatory efforts.

Meanwhile, Ardoino's post is similar to his recent statements, emphasizing how beneficial Tether is for American interests. With the U.S. working on regulations for stablecoins, there are concerns that foreign issuers like Tether could face increased regulatory scrutiny that might hinder their growth.

A few months ago, Ardoino alleged that competitors have pressured politicians to make Tether disappear. While he did not name these competitors, he noted that they are using legal strategies instead of creating better products to compete.

However, he insisted that the company is working in the interest of the United States. The CEO, who has been vocal in promoting Tether's strengths, noted that the company is crucial for extending the hegemony of the U.S. dollar with its USDT stablecoin, particularly in developing economies.

With over 400 million users and billions in profits, many agree that the company, which recently moved its headquarters to El Salvador, is pro-American. This includes crypto entrepreneur Anthony Pompliano, who praised Ardoino for his role.

Pompliano wrote:

"Tether has quickly become one of the most important pro-American companies in the world. Thank you for everything you and the team have done."

Nonetheless, the company continues to face regulatory headwinds and concerns regarding transparency. There have also been criticisms regarding the use of USDT by criminals, although the company claims to cooperate with law enforcement to freeze illicit funds converted to USDT.

Tether plans a new stablecoin to enter the U.S. market.

Despite criticisms against the company, Tether continues to dominate the stablecoin market with over $153 billion in circulation for USDT, enough to give it nearly 62% market dominance. The dominance of USDT is due to its widespread adoption in emerging economies.

However, USDT does not have the same level of adoption in developed economies such as the U.S. and Europe. Several exchanges in Europe have recently withdrawn the stablecoin due to non-compliance with the cryptocurrency market regulations (MiCA).

The company stated that it had decided not to obtain the MiCA license to protect users of USDT. Nevertheless, Tether plans to issue a separate dollar-backed stablecoin for the U.S. market and has praised the proposed stablecoin regulations in the United States as being more practical than the MiCA rules.

There is no information yet on the launch date of the new stablecoin, but it will likely occur after the adoption of stablecoin legislation in the United States. Ardoino stated that USDT would remain in use with a focus on emerging economies.

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