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
[COINDESK] #Tether Expects to Invest Over $1B in Deals in the Next Year: Bloomberg $USDt
.@Tether_to's investment arm expects to make deals worth $1 billion in the next year, CEO Paolo Ardoino has said, according to a report on Tuesday. By @JamieCrawleyCD https://t.co/pBOcBCoiLT
As the EU's MiCA crypto regulation takes effect on June 30, the industry remains uncertain about the ramifications; some stablecoin rules arrive in late 2024 (@humanjets / The Block) https://t.co/l9CYaxHQBM 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/uF3u6xGgZ0
Tether to Invest More Than $1 Billion in Deals Over Next Year - BBG https://t.co/XyZE2uFykY
Tether to Invest More Than $1 Billion in Deals Over Next Year https://t.co/rcUosdyUI3
Update on @Tether_to: Tether has until June 30th to comply with EU MiCA regulations. This is an interesting issue. The EU regulator expects 60% of backing in bank cash. But @Tether_to Tether CEO Paolo Ardoino @paoloardoino says this is problematic due to bank failure risk.… https://t.co/t2WUlgDPjf
Update on @Tether_to: Tether has until June 30th to comply with EU MiCA regulations. This is an interesting issue. The EU regulator expects 60% of backing in bank cash. But @Tether_to Tether CEO Paolo Ardoino says this is problematic due to bank failure risk. Arguable he is… https://t.co/elT9CZICu6
Update on @Tether_to: Tether has until June 30th to comply with EU MiCA regulations. This is a interesting issue. The EU regulator expects 60% of backing in bank cash. But @Tether_to Tether CEO Paolo Ardoino says this is problematic due to bank failure risk. Arguable he is… https://t.co/4em4KwwzVd
Update on @Tether_to: Tether has until June 30th to comply with EU MiCA regulations.