Tether, known as the largest issuer of stablecoins, has updated its strategy by expanding its investment portfolio to over 120 companies. This statement piques interest in the crypto industry and suggests a potential change in the market landscape.
Tether's Investment Portfolio
According to Paolo Ardoino, CEO of Tether, the company has released part of its investment portfolio. Following this, it was announced that Tether has invested in over 120 companies, with expectations for significant future growth.
> Today Tether publishes (a portion) of its investment/venture portfolio. > Overall Tether group invested in more than 120 companies and this number is expected to grow significantly in the next months and years. CITE_W_A
Changes in Tether's Approach
The current transformation of Tether reveals new ambitious goals: the company is no longer limited to just issuing USDT. It actively invests in projects that can significantly influence the future of the digital economy. Investment areas include fintech, blockchain infrastructure, digital identity, and communications.
Discussions and Criticism
Despite the positive changes, not everyone in the crypto community approves of Tether's actions. Some critics point out that the issued 162 billion USDT may be questioned in terms of sufficient backing, comparing it to the standard practice of the Federal Reserve printing dollars. Tether, however, asserts that each token is fully backed by dollar reserves, U.S. Treasury bills, and other highly liquid assets.
Tether's expansion into the investment realm signals a new company strategy aimed at establishing itself not only as a leader among stablecoins but as a serious player in the world of fintech and blockchain. However, Tether also faces the necessity to ensure transparency and trust amid growing criticism.
