#CryptoScamSurge Tether expands beyond stablecoins as profits fuel over 120 investments
Tether's CEO Paolo Ardoino shared a glimpse into the investment portfolio of the stablecoin issuer, revealing a diverse portfolio.
However, despite the expansion of the cryptocurrency company, its entry into the European market is still hindered by strict MiCA requirements.
Tether Ventures indicates a strategic shift beyond stablecoins.
Ardoino unveiled part of Tether's long-term vision, revealing a broad investment portfolio. Contrary to expectations, the company's profits fuel the investment portfolio rather than the reserves of the stablecoin.
According to reports, Tether has invested in over 120 companies, with an openness to significantly increase this number in the coming months and years.
The partial portfolio, published on Tether's official website, includes names like Bitdeer, Northern Data, Holapunch, Synonym, and Kontoz. These names span industries from digital infrastructure to decentralized communications, education, and artificial intelligence.
The portfolio also includes the Digital Industries Academy, Adequagrow, Crystal Intelligence, Elemental Royalties, Neurotech, and Ramble.$USDT