Summary
- Tether CEO emphasized that they reinvested $5 billion in the US economy and companies over the past two years.
- Tether announced investments of hundreds of millions of dollars in Rumble and Blackrock Neurotech.
- Ahead of US stablecoin regulations, Tether is seen as trying to affirm its status as a pro-American company.
The CEO of Tether (USDT), the world's largest dollar-based stablecoin issuer, emphasized that Tether is a pro-American company.
On the 27th (local time), Paolo Ardoino, Tether CEO, stated on X (formerly Twitter), "In the past two years, Tether has reinvested approximately $5 billion in the US economy and American companies," adding, "We are investing in various companies from the video platform Rumble (RUM) to the healthcare company Blackrock Neurotech." Previously, Tether invested $775 million and $200 million in Rumble and Blackrock Neurotech, respectively.
This is seen as an effort by Tether to emphasize its pro-American stance ahead of US stablecoin regulations. The cryptocurrency-focused media outlet Cryptopolitan reported, "With the US stablecoin regulatory bill approaching, foreign issuers like Tether are likely to face more scrutiny," adding, "He is emphasizing how much Tether aligns with American interests."
Meanwhile, Tether, headquartered in El Salvador, has had several regulatory conflicts with US state and federal authorities.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
