‘Not a classic VC’: Tether plans to invest up to $1B in one year

Tether, a leading stablecoin firm, will invest over $1 billion in emerging markets, AI, and biotech through its venture capital arm in the next year, CEO Paolo Ardoino announced. Tether’s team reviews hundreds of pitches monthly, having already invested $2 billion in tech over two years. Ardoino emphasized Tether’s unique investment strategy and significant profits, including $4.52 billion in Q1 2024.

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