Tether, known for its stablecoin USDT, is expanding its horizons into Bitcoin mining and artificial intelligence technologies. CEO Paolo Ardoino has shared ambitious plans regarding the company's future.
Tether's Bitcoin Mining Ambitions
In a recent interview, Paolo Ardoino announced that Tether could become the world's largest Bitcoin miner by the end of 2025. According to him, the company's goals involve not just profit but also ensuring the security of the Bitcoin network. Currently, Tether holds over 100,000 BTC, which supports its ambitious mining plans.
"I think it's important to be part of the security of the network," Ardoino said.
Investments in Infrastructure and Energy
Tether has invested over $2 billion in energy and mining infrastructure across 15 sites in Uruguay, Paraguay, and El Salvador. The initial investment was made in late 2023, and the company is exploring additional growth opportunities in countries abundant in hydropower.
Tether's goals for mining capacity require tremendous efforts and capabilities in terms of computing power.
Future with Autonomous Agents
Ardoino predicts the emergence of trillions of autonomous AI agents that will conduct transactions and settlements without human intervention. He believes that the primary currencies for such machine-to-machine (M2M) transactions will be USDT and Bitcoin.
"I don't think banks are ready to open accounts for AI agents," Ardoino clarified, emphasizing the importance of self-custodial wallets for these new economic participants.
Tether, initially recognized as a stablecoin issuer, is now striving to establish substantial positions in the Bitcoin mining industry and emerging technologies. The company's expansion into areas like artificial intelligence demonstrates its ambition to become a key player in the digital economy.
