TECHNOLOGYFORTUNE
Tether has the gold. Now, CEO Paolo Ardoino is making a bold push into AI
Following an audit by KPMG confirming that its reserves exceed liabilities by $6.8 billion and detailing over 150 tons of gold bullion, Tether is shifting its identity away from 'crypto.' CEO Paolo Ardoino detailed plans for the company to expand into technology infrastructure, notably providing basic AI services across various verticals like health and finance in the developing world.
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Adjacent reporting
- Tether Reports Billion-Dollar Q1 Profit Amid Crypto Slump—And Says Audit Has Begun
- Tether takes 8.2% stake in Bitcoin mining finance platform Antalpha
- Tether putting $23 billion gold stockpile to work with bullion-backed loans
- Tether leads up to $1.4 billion round in robotics firm Neura, plans crypto wallet integration
- Tether joins $8 million strategic funding round in RWA firm Kaio
- Tether reports $1.04 billion net profit for Q1 2026