Tether has expanded its eccentric venture capital portfolio and launched a hiring spree as it seeks to move beyond its roots as a secretive provider of crypto-financial plumbing and create a global conglomerate built around “freedom”.
The world’s largest stablecoin issuer has long been run by a small circle of executives, who manage its $185bn token USDT, which serves as the main bridge between crypto and dollars.
The group, registered in El Salvador but with a base in Switzerland, has begun to deploy its large profits to build a sprawling portfolio that now spans 140 investments from a South American agricultural producer to a stake in Italian football club Juventus.
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