Tether has funneled over $5 billion of its revenue back into the US economy: CEO

Tether, the USDT stablecoin issuer, has invested around $5 billion of its profits in US-based companies in the last two years, according to company CEO, Paolo Ardoino. The executive disclosed this on X to highlight how the firm is invested in the American economy.

According to Ardoino, his firm has invested in some US-based companies, including the video-sharing platform Rumble and the startup Blackrock Neurotech.

Tether invested $775 million in Rumble earlier this year, getting over 103 million of the company’s Class A Common Stock. The firm also invested $200 million in BlackRock Neurotech, a brain-to-interface company, in 2024 through its venture division, Tether Evo. The investment made it a majority shareholder.

Meanwhile, Ardoino added that Tether has a stake in several Bitcoin mining firms in the US. It recently increased its stake in Bitdeer to 21% to become one of the major shareholders and is allocating the hash rate to the OCEAN mining pool.

Beyond the investments in various US-based companies, Tether CEO added that the company also has over $120 billion exposure to US Treasuries, showing how deeply embedded it is in the US economy.

With its stake in US Treasuries, which constitute most USDT reserves, Tether is the 19th-largest holder of US debt. It holds more US Treasury bills than several countries, including Germany and the United Arab Emirates, which have $111.4 billion and $104.4 billion, respectively.

Tether positions itself as pro-US amid stablecoin regulation efforts

Meanwhile, Ardoino’s post is similar to his recent statements, highlighting how Tether is good for America’s interests. With the US working on stablecoin regulations, there are concerns that foreign issuers such as Tether could face more regulatory scrutiny that could impede their growth.

A few months ago, Ardoino alleged that competitors have been lobbying politicians to kill Tether. Although he did not name competitors, he noted that they are using lawfare instead of building better products to compete.

However, he insisted that the company was working in the interest of the US. The CEO, who has been vocal in promoting Tether’s strengths, noted that the firm is crucial to spreading the hegemony of the US dollar with its USDT stablecoin, especially in developing economies.

With over 400 million users and billions in profits, many agree that the company, which recently moved its headquarters to El Salvador, is pro-American. This includes crypto entrepreneur Anthony Pompliano, who praised Ardoino for his role.

Pompliano wrote:

“Tether has quickly become one of the most important pro-America companies in the world. Thank you for everything that you and the team have done.”

Nevertheless, the company continues to face regulatory headwinds and concerns around transparency. There have also been criticisms about the use of USDT by criminals, although the firm claims it collaborates with law enforcement authorities to freeze illicit funds converted to USDT.

Tether plans a new stablecoin to gain entry into the US

Despite the criticisms against the company, Tether continues to dominate the stablecoin market with over $153 billion in circulating supply for USDT, enough to give it almost 62% dominance. The dominance of USDT is due to its widespread adoption in emerging economies.

However, USDT does not have the same level of adoption in developed economies such as the US and Europe. Several exchanges in Europe recently delisted the stablecoin due to non-compliance with the Market in Crypto Assets (MiCA) regulation.

The firm claimed it decided against getting the MiCA license to protect USDT users. Nevertheless, Tether plans to issue a separate dollar-backed stablecoin for the US market and has praised the proposed US stablecoin regulations as being more practical than MiCA rules.

There is no information yet on when the new stablecoin will launch, but it will likely happen after the US stablecoin legislation has been passed. Ardoino stated that USDT would remain in use with a focus on emerging economies.

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