Tether CEO Paolo Ardoino announced that the company plans to invest half of its profits in 2025, alongside its goal of launching an AI platform.
Paolo Ardoino, the CEO of Tether, has announced that the stablecoin issuer is on track to generate a $10 billion profit in 2024.
The demand for its native stablecoin USDT has surged by over 50% to $140 billion, amidst a significant increase in Bitcoin and the broader crypto market.
Additionally, Ardoino discussed the company’s successful artificial intelligence (AI) platform launch.
In 2025, Tether Intends To Make Substantial Investment In AI
Tether, the issuer of USDT stablecoins, has experienced substantial growth this year and is on the verge of generating $10 billion in profits.
A substantial portion of its revenue is generated by investing the reserves that underpin its stablecoins, including USDT, in assets such as US Treasuries, gold, and other securities.
This has resulted in the company’s continued substantial dominance in the stablecoin market, which has now exceeded $200 billion.
Ardoino stated that the organization has allocated over half of its profits this year.
Tether disclosed a $775 million investment in Rumble, a video-sharing platform, on Friday.
This encompasses a $250 million primary financial commitment and support for Rumble’s tender offer to acquire up to 70 million shares at $7.50 per share.
The Rumble stock experienced a 50% increase in after-hours trading, ultimately reaching $11, even though the announcement was made after the US market closed.
Regarding the present circumstances, Paolo Ardoino declared:
“Next year we plan to deploy at least half of the profits in investments” including in AI. “Our investment is just at the beginning.”
Additionally, the organization intends to expand its operations into the field of artificial intelligence (AI) by establishing its own AI platform.
Ardoino has disclosed that the Tether AI platform will be operational in Q1 2025, allowing users to engage with artificial intelligence directly through their mobile devices.
Anticipating Significant Growth In Donald Trump Era
Tether is anticipating crypto-friendly regulations under the administration of President-elect Donald Trump, as it seeks to increase its presence in the US market.
Howard Lutnick, the CEO of Cantor Fitzgerald, is a firm that manages the reserves backing Tether and retains a stake in the stablecoin issuer.
He was nominated by Donald Trump to serve as the Commerce Secretary.
Conversely, numerous local crypto exchanges have initiated the process of delisting USDT stablecoin in anticipation of the implementation of MiCA crypto regulations in the European Union by the end of the year.
Nevertheless, analysts contend that the retreat could result in a competitive disadvantage in comparison to the Americas, where cryptocurrency adoption is on the rise.
