As a seasoned crypto investor with more than a decade of experience under my belt, I must admit that Tether’s ambitious plans for 2025 have caught my attention. The company’s steady growth and impressive $10 billion profit target is nothing short of inspiring.
According to Paolo Ardoino, Tether’s CEO, the company is set on realizing ambitious goals, aiming for a whopping $10 billion profit in 2024. With the rapid growth of Bitcoin and the overall crypto market, there’s been an immense increase in demand for their native stablecoin USDT, causing its market cap to swell by over 50% to a staggering $140 billion. Moreover, Ardoino hinted at the upcoming launch of Tether’s very own artificial intelligence (AI) platform.
Tether Plans Huge Investment in 2025 With AI Push
This year, Tether, the issuer of the USDT stablecoin, has experienced robust growth and is on track to reap around $10 billion in profits. A substantial chunk of its income is generated by investing the assets backing its stablecoins, including USDT, into securities such as U.S. Treasuries, gold, and other financial instruments. Consequently, Tether remains a formidable player, maintaining its dominant position in the over $200 billion stablecoin market.
As a researcher, I’m sharing some exciting news: Tether, the company I’ve been following, has announced a significant investment this week. To be precise, they are putting $775 million into the video-sharing platform Rumble. This isn’t just any investment; it includes a primary cash commitment of $250 million. Additionally, Tether is providing support for Rumble’s tender offer to acquire up to 70 million shares at $7.50 per share. It’s an exciting move in the world of digital finance and video-sharing platforms!
News broke following the US market’s close, and it was significant enough to propel Rumble’s shares up by 50% during extended trading, pushing their value to $11. Regarding these recent happenings, Paolo Ardoino commented:
For the upcoming year, we intend to invest at least half our earnings into various ventures, with a focus on artificial intelligence. We’re only getting started with our investments.
As a crypto investor, I’m excited about the company’s plans to expand into the realm of Artificial Intelligence (AI). Specifically, they are developing their own AI platform, Tether AI, which is set to launch in Q1 2025. This means that by using my mobile phone, I’ll have direct access to artificial intelligence – a fantastic development for the future of technology and investment!
Eyeing Major Growth in the Donald Trump Era
As a researcher, I’m eagerly anticipating Tether’s growth strategy within the U.S market, given the crypto-friendly regulations anticipated under President-elect Donald Trump’s administration. Notably, Howard Lutnick, who has been nominated as Commerce Secretary by Donald Trump, is the CEO of Cantor Fitzgerald – a company that maintains an investment in Tether and manages the reserves supporting the stablecoin issuer.
Conversely, as MiCA crypto regulations are set to take effect in the European Union by the end of the year, some local cryptocurrency exchanges have begun removing USDT stablecoins from their platforms. However, analysts suggest this move could put these exchanges at a disadvantage compared to regions where cryptocurrency adoption is rapidly increasing, particularly in the Americas.
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2024-12-21 12:45