Tether, the architect of the renowned stablecoin USDT, is poised to channel over $1 billion into diverse ventures within the next year, as revealed by CEO Paolo Ardoino in a Bloomberg dispatch on Tuesday. This declaration underscores Tether’s strategic inclination towards sectors like financial infrastructure, artificial intelligence, and biotechnology.

In a recent dialogue, Ardoino elucidated Tether’s investment trajectory, highlighting that the company has already funneled approximately $2 billion into these domains over the past biennium, a momentum they aim to perpetuate. As the steward of the preeminent stablecoin, Tether predominantly invests its reserves in U.S. treasury bills and assorted securities, generating substantial profits. Ardoino noted that a portion of these profits will be earmarked for new investments.

Read more: The Stablecoin Renaissance: Reshaping a Multi-Trillion-Dollar Market

“Our investments are fundamentally about fostering technology that diminishes traditional financial intermediaries,” Ardoino articulated. “This strategy minimizes dependence on tech behemoths like Google, Amazon, and Microsoft.”

Tether’s portfolio boasts significant stakes, such as a $200 million majority investment in Blackrock Neurotech, a pioneering brain-computer interface enterprise, and its collaboration with Northern Data Group, a leader in data cloud services.

Despite these revelations, Tether has yet to respond to CoinDesk’s inquiry for additional comments.