Tether CEO Paolo Ardoino has disclosed big plans for the company as the stablecoin issuer is on the path to achieving a $10 billion profit in 2024. Amid a strong surge in Bitcoin and the broader crypto market, the demand for its native stablecoin USDT has skyrocketed with its market cap soaring more than 50% to $140 billion. Furthermore, Ardoino also spoke about launching the company’s won artificial intelligence (AI) platform. Tether Plans Huge Investment in 2025 With AI Push USDT stablecoin issuer Tether has witnessed strong growth this year and is on the way to achieving $10 billion in profits. A significant portion of its revenue comes by investing the reserves that back its stablecoins, including USDT, into assets such as US Treasuries, gold, and other securities. As a result, the firm continues to maintain massive dominance as the stablecoin market hits over $200 billion. Ardoino said that this year the company has invested more than half of its profits. On Friday, Tether announced a $775 million investment in the video-sharing platform Rumble . This includes a primary cash commitment of $250 million, along with support for Rumble’s tender offer to acquire up to 70 million shares at $7.50 per share. The announcement came after the US market closure but was enough to send the Rumble stock soaring 50% in after-hours thereby shooting to $11. Speaking on the current developments, Paolo Ardoino stated: “Next year we plan to deploy at least half of the profits in investments” including in AI. “Our investment is just at the beginning.” Furthermore, the firm is also planning to pivot into the world of Artificial Intelligence (AI) by launching its own AI platform. Ardoino announced that the Tether AI platform will go live in Q1 2025 enabling users to interact with artificial intelligence directly through their mobile phones. Eyeing Major Growth in the Donald Trump Era Tether is looking to expand its footprint in the US market while expecting crypto-friendly regulations under President-elect Donald Trump’s administration. Howard Lutnick, nominated by Donald Trump as Commerce Secretary, is the CEO of Cantor Fitzgerald, a firm that holds a stake in Tether and manages the reserves backing the stablecoin issuer. On the other hand, with MiCA crypto regulations kicking into the European Union by the year-end, several local crypto exchanges have started delisting USDT stablecoin. However, analysts believe the exit could mean a disadvantage over the Americas where crypto adoption is on the rise. The post Tether Plans $5 Billion Investment With AI Platform Launch in 2025 appeared first on CoinGape .
