Tether
Investments,
the
entity
established
as
a
separate
division
from
the
stablecoin
business
to
manage
the
company’s
growing
foray
into
bitcoin
(BTC)
mining,
artificial
intelligence
and
other
investments,
has
a
$6.2
billion
net
equity
value,
per
the
attestation.
Tether’s
USDT
is
a
key
piece
of
infrastructure
in
the
crypto
market
for
trading
and
is
increasingly
in
demand
in
developing
countries
as
a
vehicle
to
access
the
U.S.
dollars.
It’s
the
most
popular
stablecoin
with
$114
billion
market
value,
up
from
$91
billion
this
year,
per
CoinGecko.
Tether
has
received
considerable
scrutiny
over
the
years
for
the
perceived
opaqueness
of
its
reserves.
Howard
Lutnick,
chairman
and
CEO
of
the
Wall
Street
investment
bank
Cantor
Fitzgerald
that
manages
a
part
of
Tether’s
assets,
said
that
Tether
actually
has
the
money
to
back
its
stablecoins.