On December 27th, Tether CEO Paolo Ardoino posted on X platform that the market value of USDT has reached a new high of about 91 billion US dollars, and has also increased excess reserves by about 4 billion US dollars.
In addition to consolidating its leadership position in the stablecoin market, Tether has also co-founded several projects and supported several companies, including:
· Holepunch: dedicated to building a new generation of internet layer and promoting the development of P2P technology;
· Synonym: focused on bringing bitcoin products to the public and reshaping social network space;
· Exploring AI infrastructure business with Northern Data;
· Tether Energy has also made significant progress in the bitcoin mining field.
In 2024, Tether plans to launch multiple new products and further consolidate its existing business.