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Tether has until June 30th to comply with the EU's MiCA regulations, which require 60% of backing in bank cash. Tether CEO Paolo Ardoino has expressed concerns about the risk of bank failures associated with this requirement. Additionally, Tether's investment arm plans to invest over $1 billion in financial infrastructure, AI, and biotech over the next year, having already spent approximately $2 billion in the past two years.
Tether expected to invest more than $1B via it's venture arm over the next 12 months, according to Bloomberg. Focus: EM financial infrastructure, AI, & Biotech. 2024 deals below: https://t.co/lAJ93NKVsv
Tether's investment arm says it aims to invest $1B+ in financial infrastructure, AI, and biotech over the next year, after spending ~$2B over the past two years (@olgakharif / Bloomberg) https://t.co/od9EwvdYpt 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/b0KYanBuCy
JUST IN: $USDT ISSUER @TETHER_TO TO INVEST AT LEAST $1 BILLION THROUGH ITS VC ARM IN FIRST YEAR
