Tether's investment department plans to invest over $1 billion in the next 12 months

ChainCatcher news, according to Bloomberg, Tether Holdings Ltd. CEO Paolo Ardoino revealed that its investment division expects to invest over $1 billion in trading over the next 12 months. Ardoino stated in an interview that Tether Investments currently has 15 employees who evaluate up to hundreds of projects each month, most of which come directly from startups. Tether focuses on alternative financial infrastructure, artificial intelligence, and biotechnology in emerging markets, and over the past two years, Tether has invested approximately $2 billion in these areas.

Ardoino indicated that while Tether plans to maintain 100% reserves and additionally extract a 6% buffer from profits to ensure smooth redemptions of USDT, Tether expects to allocate a portion of the remaining profits to trading.