Stablecoin issuer Tether to expand dealmaking beyond crypto: report

With billions of surplus reserves, Tether now wants to accelerate his expansion in the sectors beyond the crypto, reveals a report.

Attachment (USDT), the 140 billion dollars stable transmitter, is preparing to extend its investments beyond the cryptographic space as the company’s reserves develop, Bloomberg A learnedCiting sources close to the company.

The company’s financial muscle has increased and with $ 7 billion in surplus reserves, Tether further increases investments even more. A person familiar with the operations of the company, speaking anonymously, explained that Tether’s investment strategy may seem “random”, but the company aims to stay ahead of the potential risks for their USDT token.

In Europe, Tether is confronted with challenges because the markets adapt to the regulatory framework of mica. Great Crypto exchanges such as Coinbase, Kraken and Crypto.com to have reported Provides them with deleting the Tether USDT from their offers to comply with local rules.

Tether follows the Petro-State model

Like crypto.News reported Earlier, the data on the chain show that Stablecoin de Tether lost more than 1% of its market capitalization when the Mica regulations entered into force in late December 2024.

With competition from emerging stables and the possibility of lowering American interest rates, sources close to Tether compared the company’s approach to the way petro-strokes like Saudi Arabia use wealth petroleum to diversify. “It is logical that Tether continues to branch,” they said.

Tether has already made investments outside the cryptographic space. For example, the stable cabinet A participation of $ 775 million In the Rumble social media platform. The company also supports European startups, with a investment In Stablr, which launched two stablescoins in accordance with Mica, EURR and USDR.