Tether Aims to Become World’s Largest Bitcoin Miner by 2025, Says CEO

Highlights:

• Tether plans to lead global Bitcoin mining by 2025 to secure its reserves.
• The company invests billions in mining, AI, and telecom to protect Bitcoin holdings.
• Tether holds $125B in U.S. Treasuries, prepares for GENIUS Act compliance.

On a recent Bankless podcast with Ryan Sean Adams, Tether CEO Paolo Ardoino shared the company’s ambitious goal to become the world’s largest Bitcoin miner by the end of 2025. He said Tether is heavily investing in Bitcoin mining, along with other areas like artificial intelligence, telecommunications, and data centers. With more than $10 billion in Bitcoin holdings, he emphasized the need to protect the network that supports Tether’s balance sheet. By becoming a major miner, the company wants to protect itself from risks like manipulation and centralization.

Tether CEO Paolo said in Bankless: Tether is expected to become the world's largest Bitcoin miner by the end of this year; Tether is actually promoting the expansion of US dollar hegemony; this year's profit will be greater than last year's 13.7 billion US dollars; Tether does…

— Wu Blockchain (@WuBlockchain) July 9, 2025

Tether is pushing ahead in Bitcoin mining, even with major players like Marathon Digital and Riot Platforms already leading the space. The company has made fast progress by teaming up with governments in Latin America, including El Salvador, Paraguay, and Uruguay. So far, it has built more than 15 mining sites and invested billions to grow its mining capacity. However, there’s still some uncertainty, as Tether hasn’t yet shared how much of the total Bitcoin hashrate it controls.

Tether Prepares to Comply with GENIUS Act Stablecoin Regulations

Tether CEO Paolo Ardoino said the company is ready to follow the new GENIUS Act. The bill has passed the U.S. Senate and now waits for House approval. It will bring new rules for stablecoin issuers in the U.S. and other countries. Ardoino said Tether is ready to follow either of the two options in the law. It can either show that its current systems already match U.S. rules or create a new stablecoin that fully follows U.S. regulations. He also said the company is working to meet all the new rules, including keeping proper reserves, being transparent, and following anti-money laundering guidelines.

Massive U.S. Investments and Strong Financial Position

Previously, Ardoino shared that Tether is now one of the biggest buyers of U.S. government debt, holding over $125 billion in U.S. Treasuries. Most of these are managed by Cantor Fitzgerald. He further revealed that Tether holds $6 billion in extra reserves, bringing the group’s total equity to $176 billion.

Tether has put more than $5 billion into businesses based in the U.S. and now manages a portfolio of over 100 companies. These cover areas like renewable energy, telecom networks, and peer-to-peer AI platforms. Tether’s stablecoin network has reached 450 million users, growing by 30 million wallets every quarter. It maintains a strong grassroots presence across Latin America, Africa, and Asia.

Tether holds $8 billion worth of gold stored in a Swiss vault, nearly 80 tons. This makes it one of the top gold coin holders globally. Around 5% of Tether’s reserves now come from gold, as per its March 2025 report. The move marks a big shift in Tether’s strategy. By adding gold, Tether joins banks and countries in holding precious metals. It challenges the idea that only governments or banks control gold reserves.

Tether Holds Nearly $8 Billion in Gold, Builds Private Vault to Cut Custody Costs

Stablecoin $USDT issuer @Tether_to has revealed for the first time that it built its own vault in Switzerland to store nearly 80 tons of gold worth around $8 billion, making it one of the largest… pic.twitter.com/pWNdIkIkFk

— MetaEra (@MetaEraHK) July 8, 2025