By Nermeen Nabil Khear 
Tether Holdings expects to make over $10 billion in profits for 2024, by the growing demand for its stablecoin, USDT. The company has also made successful investments in areas like gold and U.S. Treasuries. Looking ahead, Tether plans to invest in AI.
Tether’s 10 billion profit
Tether Holdings, the world’s largest stablecoin issuer, expects to make over $10 billion in profits for 2024. This comes as a demand for Tether’s stablecoin. As USDT, has grown along with the rise of Bitcoin and other cryptocurrencies.
CEO Paolo Ardoino said, USDT’s market value has increased by $50 billion this year, reaching $140 billion, which has helped increase the company’s profits.
Tether has made most of its money by investing the reserves backing USDT in assets like U.S. Treasuries, gold, and other securities. This strategy has worked well.
In addition to its strong performance, Tether is expanding its investments. CEO Paolo Ardoino shared that the company has already reinvested more than half of its profits this year.
Tether’s investment plans on AI
The recent partnership with StablR, to help grow stablecoins in Europe, especially with new rules coming soon.
Looking ahead to 2025, Tether has big plans for more investments. CEO Paolo Ardoino said the company will use at least half of its profits next year to fund new projects, including those focused on artificial intelligence (AI) by the end of 2025 Q1.
It has made investments in various sectors, including energy, payments, telecommunications, and AI. This shift also included acquiring a stake in AI and cloud computing firm Northern Data last year.
Although the specifics of the AI platform remain unclear, Ardoino emphasized that this launch marks the beginning of Tether’s long-term investments in AI.
The company plans to continue creating technology solutions that promote freedom, independence, and resilience, while exploring the growing overlap between cryptocurrency and AI.
In the first quarter of 2025, Tether plans to launch a platform that will allow users to interact with AI directly through their smartphones. This marks a big step for Tether as it also looks into other industries like Bitcoin mining and biotechnology.
Tether’s investment strategy comes at a time when U.S. regulations on crypto are expected to change. With President-elect Donald Trump’s administration expected to be more supportive of the cryptocurrency industry, Tether’s move into other sectors could help the company benefit from these changes.
Tether has strong connections with Howard Lutnick, CEO of Cantor Fitzgerald and Trump’s choice for Commerce Secretary, who has been discussing ways to strengthen financial ties with Tether.
Tether’s investments in Rumble, AI, and other industries show that it’s trying to grow beyond just crypto. If these investments are successful, they could help Tether continue to grow and provide more value to its stakeholders.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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