Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years.
Stablecoin giant Tether plans to invest a significant portion of its revenue in technologies like emerging markets, artificial intelligence (AI) and biotech, according to CEO Paolo Ardoino.
Tether expects to invest at least $1 billion into deals in the next 12 months through its venture capital arm, Ardoino said in an interview with Bloomberg published on June 11.
According to the CEO, Tether has a growing team of 15 who evaluate hundreds of pitches monthly. Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years.
