Tether is on track to end 2024 with over $10 billion in net profits with the company investing more than half of it this year.

Tether, the issuer of the world's largest stablecoin USDT, is on track to close 2024 with a net profit of $10 billion, Bloomberg quotes the company CEO Paolo Ardoino. Tether's investments have shown that it is ready to invest hundreds of millions of dollars in projects other than cryptocurrency.

Tether has made a significant move by investing $775 million in Rumble, a rising video-sharing platform and cloud service provider.

Tether invests $775 million in video-sharing platform Rumble to support free speech and financial innovation while collaborating on crypto payment and cloud solutions.

TL;DR Tether is set to launch a new AI platform in Q1 2025, marking a significant step in its diversification strategy and aiming to integrate AI technology with its financial services. Under CEO Paolo Ardoino's leadership, Tether has been expanding beyond stablecoins, investing in sectors like energy, payments, telecommunications, and AI.

Key Points:

The expansion of Tether beyond stablecoins: investments in energy, payments, and advanced technology.

Stablecoin company and USDT issuer Tether is reportedly planning to venture into the artificial intelligence (AI) space. Tether CEO Paolo Ardoino is unveiling Tether's vision to launch a platform that will enable people to interact with artificial intelligence using their mobile phones, reports Bloomberg.

Video-sharing platform Rumble (Nasdaq: RUM) says it has signed a strategic partnership with Tether (USDT), as part of which it will receive $775 million from the stablecoin issuer. The investment involves Tether purchasing 103.33 million shares of Rumble's Class A common stock at $7.50 per share.

Tether Holdings expects to make over $10 billion in profits for 2024, by the growing demand for its stablecoin, USDT.

The European Union is about to take a major step in regulating cryptocurrencies with the imminent entry into force of the MiCA (Markets in Crypto-Assets) rules. This initiative, praised by some as a step towards better transparency and an increased fight against financial abuses, however, triggers intense concerns among industry players.

Tether is investing $775 million in Rumble, a free speech video platform. This big move could help Rumble grow.

Tether has invested $775 million in Rumble, YouTube's closest competitor. The agreement will see Tether benefiting from adverts and other packages.

Tether, the issuer of the largest stablecoin USDT, announced its investment in Rumble, a flagship video sharing platform and cloud service provider. Out of a whopping $775 million invested, $250 million will immediately fuel Rumble's growth initiatives.

Tether, the global leader in the stablecoin market, has strategically committed $775 million to Rumble, a rising video-sharing platform that positions itself as a decentralized alternative to YouTube.

Tether has made a $775 million investment in Rumble, a video-sharing platform known for championing free speech and offering an alternative to YouTube. The post Tether Invests $775M in Rumble, Backing YouTube Alternative Boasting Free Speech appeared first on Cryptonews.

Tether appears to have now been affected by regulatory adjustment in Europe. Particularly, with the EU's new Markets in Crypto-Assets (MiCA) regulations scheduled to fully take effect in its member states by the end of the year, the crypto landscape is being reshaped.

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%

Tether's 2024 profits surpass $10 billion, driven by USDT demand and investments. Rumble shares soared 43.7% after Tether's investment announcement.

Tether net profits in 2024 surpass $10 billion, fueled by strong demand for its USDT stablecoin.

Tether, the company behind the world's largest stablecoin, USDT, is making headlines with a series of bold business moves. From a $775 million investment in the YouTube-alternative platform Rumble to its plans to step into artificial intelligence (AI) by 2025, Tether is diversifying far beyond its stablecoin roots.

Rumble secured a $775 million Tether investment, with $250 million allocated for operations and the rest for a tender offer of up to 70 million shares at $7.50 per share.

Tether has announced a $775 million strategic investment with video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.

Tether has invested $775 million into video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.

Rumble, the video-sharing platform and cloud services provider has just inked a $775 million deal with Tether, the heavyweight of stablecoins. This blockbuster investment signals a partnership between two giants, both devoted to championing decentralization and the freedom of speech. Rumble Gains $775 Million Backing from Tether As revealed in a statement to Bitcoin.

Stablecoin issuer Tether has committed $775 million to rising streaming video platform Rumble, which has adopted a Bitcoin reserve strategy.

Tether, the issuer of the world's largest stablecoin, USDT, has announced a $775 million investment into Rumble, a video-sharing platform and cloud services provider. This strategic move has sent Rumble stock soaring by 44.6% in aftermarket trading.

The EU's imminent crypto regulations are raising alarms about potential disruptions to market liquidity as exchanges prepare to comply with new requirements under the Markets in Cryptoassets (MiCA) framework, Bloomberg News reported on Dec. 20. The rules, set to take full effect on Dec.

Tether Limited is set to invest $775 million in video-sharing platform Rumble as part of a strategic partnership aimed at boosting decentralization efforts, according to a Dec. 20 press release. The news caused a sharp spike in Rumble's stock, which surged in after-hours trading, climbing 35.89% to $9.

Rumble partners with Tether in a $775M deal, sparking speculation on future crypto payment integrations. The post Rumble secures $775 million investment from Tether appeared first on Crypto Briefing.

Last month, the YouTube alternative announced it would allocate up to $20 million of its excess cash reserves to bitcoin.

Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic investment of $775 million.

Tether Takes $775M Stake in Video-Sharing Platform Rumble

Tether, the company behind crypto's $140 billion stablecoin USDT, may expand its artificial intelligence by early 2025

The company, known for its $140 billion U.S. dollar stablecoin USDT, has made significant efforts to expand beyond its stablecoin operations this year.

Paolo Ardoino, the CEO of USDT parent company Tether Holdings Ltd, has revealed the latest details regarding the firm's Artificial Intelligence (AI) pivot. Taking to the social media platform X, Ardoino said he has received the draft of the site for the Tether AI platform.

In anticipation of the EU's looming Markets in Crypto Assets (MiCA) regulations, European exchanges are delisting Tether (USDT) en masse. This may severely hinder the EU market's ability to capitalize on the crypto bull market.

Solana surged 200% to $216 in 2024, while USDT's role in DeFi and real-world assets signals further growth ahead. The post BTC went viral in 2024.

Tether plans to launch an AI platform by March 2025, signaling further diversification amid booming AI and crypto discussions. The post Tether CEO teases AI platform launch, targets March 2025 appeared first on Crypto Briefing.

In preparation for MiCA, several European exchanges have delisted Tether's USDT stablecoin, pushing crypto investors to increasingly rely on the Euro for transactions.

Tether's $40 million daily inflows indicate rising investor confidence in Bitcoin.

Strike is expanding to Australia, Chile, Colombia, Costa Rica, the Philippines, South Africa, South Korea, and the UAE. This expansion makes it easier for users in these regions to access and manage USDT.

South Korea appeared to be moving towards an economic crisis, especially as the KRW whales shifted their focus towards the USDT stablecoin. Notably, with the South Korean won (KRW) hitting a 15-year low against the dollar, concerns about a looming financial crisis have intensified.

On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether's USDT.

Stablecoin inflows of Tether have been key in driving upward momentum, supporting the over two-month crypto bull market.

XRP has recently surpassed Tether (USDT) to reclaim its spot as the third-largest crypto by market cap, following Bitcoin and Ethereum. Meanwhile, this sudden rise follows the global launch of Ripple's new stablecoin, RLUSD. As a result, XRP's market cap now stands at $147 billion, surpassing USDT's market cap of $140.5 billion.

According to its blog post, this move highlights Tether's commitment to the European market. It also shows support for fully regulated stablecoins like StablR's EURR and USDR.