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Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”
In a recent Bankless podcast with Ryan Sean Adams, Paolo Ardoino, CEO of Tether, revealed that his company is investing heavily in Bitcoin mining, alongside ventures in AI, telecommunications, and data centers. The company has already made significant progress through partnerships with Latin American governments, including El Salvador, Paraguay, and Uruguay.
Tether has quietly poured billions into expanding its mining infrastructure, with over 15 facilities already operational worldwide. Despite strong competition from established mining giants like Marathon Digital and Riot Platforms, Ardoino expressed confidence in Tether’s ability to surpass these competitors.
“We will become the biggest Bitcoin miner out there by the end of this year,” Ardoino emphasized during the podcast.
Tether’s decision to shift its focus towards Bitcoin mining comes as a strategic response to regulatory pressures. The newly passed GENIUS Act demands full reserve backing, AML/KYC compliance, and transparency from all stablecoin issuers. Tether has 18-36 months to comply or risk expulsion from the U.S. market.
In an effort to meet these demands, Tether is preparing to launch a fully compliant U.S.-based stablecoin while also revamping its existing USDT token to align with the new standards. Failure to do so could result in significant consequences for the company’s market position and reputation.
The CEO emphasized the importance of protecting the network that underpins Tether’s balance sheet, stating “Realistically, by the end of this year, Tether will become the biggest bitcoin miner out there.”
Source: coinpedia.org
