The purchase comes as the stablecoin issuer expands its investments across crypto infrastructure and financial services, including in Kaio, also announced today.
Tether has taken an 8.2% stake in Antalpha, making the stablecoin issuer one of the company’s largest shareholders following its May 2025 initial public offering (IPO), according to a Monday filing.
The Schedule 13D filing with the US Securities and Exchange Commission indicates that Tether now holds 1.95 million shares through related entities, with Giancarlo Devasini, chairman of Tether, sharing voting and dispositive power over the position.
The filing also states that Tether and its related entities may increase or reduce their holdings over time depending on market conditions and other factors.
