Tether CEO Paolo Ardoino announced that the company will introduce a new line of digital asset products on June 17, following a year of development. This move underscores Tether's expanding role in the financial sector.

Ardoino previously hinted at Tether's ambitions to replicate USDT's success by reducing reliance on monopolistic intermediaries in financial markets. He proposed plans for a peer-to-peer financial markets terminal using Holepunch technology to facilitate direct transactions.

Tether's recent restructuring into sectors like finance, data, education, and power aims to broaden its USDT distribution and invest in technologies such as AI and Bitcoin mining. Ardoino has outlined a strategy involving over $1 billion in investments over the next year to advance disintermediation in traditional finance, coinciding with Tether's robust financial performance, including over $4 billion in profits in the first quarter, with USDT stablecoin dominance remaining strong at 70% of the market.