Tether Gold

Notable

Gold

Dubai

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tether-invests-in-emerging-crypto-and-ai-firms/" data-wpel-link="internal">Tether Invests in Emerging Crypto and AI Firms</a><br></p>
<p class="p1" style="text-align: justify"><strong>Tether’s</strong> recent moves align with Ardoino’s statements during a recent interview at the 2024 Token2049 Dubai Conference. As the largest stablecoin issuer, Tether has recently made numerous investments in emerging crypto and <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> firms. These investments and the company’s progress beyond stablecoins indicate a willingness to expand its operations.</p> 
<h2 class="p1" style="text-align: justify" id="notable-steps-by-tether">Notable Steps by Tether</h2> 
<p class="p1" style="text-align: justify">XREX Group became the latest firm to receive investment from Tether. Earlier this week, the stablecoin issuer announced a strategic injection of $18.75 million into the blockchain-enabled financial institution to foster innovation and facilitate cross-border payments through its flagship stablecoin USDT.</p> 
<p class="p1" style="text-align: justify">Tether’s funding will enable <strong>XREX</strong> to revolutionize financial transactions in emerging markets by offering convenience, efficiency, and lower costs to businesses. Additionally, XREX will collaborate with the Unitas Foundation to launch XAU1, a USD-pegged composite stablecoin over-reserved with Tether Gold (XAUt). Commenting on the agreement, Tether CEO Paolo Ardoino said:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify"><strong>“Tether’s</strong> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">strategic investment</a> in XREX Group demonstrates our unwavering commitment to promoting financial inclusion in emerging markets. This latest investment aligns with Tether’s long-term vision of building a resilient infrastructure that extends beyond the boundaries of the <a href="https://en.coin-turk.com/crypto-exchange-coinbase-alerts-users-about-a-cftc-subpoena-possible-legal-woes-for-bybit/" data-wpel-link="internal">crypto market</a>, as evidenced by our diversified investments across various industry sectors.”</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-359406 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/Tether-XREX-Group.png" alt="" width="1921" height="1081"></p> 
<h2 class="p1" style="text-align: justify" id="tether-and-investment-moves">Tether and Investment Moves</h2> 
<p class="p1" style="text-align: justify">Over a week ago, <strong>Tether</strong> entered into a $150 million private placement financing agreement with blockchain and high-performance computing firm Bitdeer. The agreement granted Tether the private placement of 18,587,360 Bitdeer’s Class A common shares and warrants to purchase up to an additional 5,000,000 shares at $10 each.</p> 
<p class="p1" style="text-align: justify">The gross proceeds from the issuance amounted to $100 million, and Tether could provide an extra $50 million if Bitdeer fully exercises the warrants. In April, Tether reported becoming a significant shareholder in Brain-Computer Interface (BCI) technology platform Blackrock Neurotech after investing $200 million in the firm. The company is particularly interested in some AI-related firms and is seeking relevant talents to add to its AI team.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tether-invests-in-emerging-crypto-and-ai-firms/" data-wpel-link="internal">Tether Invests in Emerging Crypto and AI Firms</a></h5>

Tether Invests in Emerging Crypto and AI Firms

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