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Tether, the company behind the popular stablecoin USDT, has announced an ambitious plan to invest up to 1 billion dollars over the next 12 months: the investments will be primarily focused on emerging markets, artificial intelligence (AI), and biotechnologies, sectors considered strategic for the future of technology and the global economy. A new chapter for Tether in AI Tether is known for its predominant role in the cryptocurrency market. The stablecoin USDT is used worldwide as a medium of exchange and store of value due to its stability pegged to the US dollar. However, the company has decided to expand its reach beyond the cryptocurrency sector, exploring new investment opportunities that could have a significant impact on the technological and financial landscape. Emerging markets represent one of the main areas of interest for Tether. These markets offer enormous growth potential and present unique opportunities for technological innovation. By investing in these countries, Tether aims to support the development of digital and financial infrastructures that can improve access to financial services for millions of people. Investing in emerging markets will not only help stimulate economic growth in these regions, but it will also allow Tether to expand its global presence. The company could use its experience and resources to support innovative projects that foster financial inclusion and promote the adoption of blockchain technologies. Artificial intelligence is another crucial sector for Tether. In the last two years, Tether’s venture capital (VC) branch has already invested around 2 billion dollars in AI and alternative financial infrastructures. This demonstrates the company’s commitment to supporting the development and implementation of advanced technologies. AI has the potential to transform numerous sectors, from healthcare to finance, from manufacturing to services. The applications of artificial intelligence can improve operational efficiency, reduce costs, and create new business opportunities. For…

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Filed under: News - @ June 13, 2024 1:22 am