Reportedly Tether to expand dealmaking beyond crypto

Tether, the issuer of the world's largest stablecoin USDT, is expanding its dealmaking beyond the crypto industry.

The firm plans to utilize its $7 billion in excess reserves to accelerate investments and mergers and acquisitions (M&A) in various sectors.

Tether has already invested $775 million in social media platform Rumble and backed European startups like StablR.

This expansion strategy aims to diversify Tether's business as it faces regulatory challenges, particularly in Europe due to MiCA regulations.

Furthermore, the company is entering new areas such as artificial intelligence with its Tether Data initiative, focusing on AI tools for translation and Bitcoin wallet management.

Tether also is reportedly planning to expand into several sectors beyond crypto such as Telecommunications, Artificial Intelligence, Education, Energy and Sustainable Mining, Agriculture, etc.

The focus on AI sets it apart from other crypto firms by emphasizing open-source innovation, privacy, and transparency, areas often dominated by Big Tech.

Tether's AI platform could accelerate innovation in blockchain applications, making them more attractive to investors and users. This could drive growth in the stablecoin industry by offering new use cases and improving existing ones.

However, this expansion also comes with risks such as market volatility and liquidity issues associated with new technologies.

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