Stablecoin Issuer Tether Ventures Into AI Nvidia Chip Splurge

Tether subsidiary which acquired a stake earlier this year, has purchased $427 million.

Stablecoin issuer Tether said branching into AI through a subsidiary jointly owned by Bitcoin miners.

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Frankfurt-based Northern Data acquired a majority stake in July and bought 400 million euros.

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The development is the example of Tether, the largest stablecoin company with its $83 billion

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The firm has invested in BTC mining operations in South America and a payment processor in Georgia.

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Tether has criticized within crypto industry for insufficient transparency about its stablecoin

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Tether said the investment does not impact the backing reserves of its stablecoins.

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Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge.

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