Tether To Restructure Into Four Distinct Divisions

Tether, the company behind the USDT stablecoin, is undergoing a reorganization to diversify its digital asset offerings. As part of this shift, the company has established four distinct divisions to represent its expanding interests.

The management of the USDT stablecoin will fall under “Tether Finance,” while “Tether Power” will oversee investments in bitcoin mining. “Tether Data” will handle strategic tech investments, including in artificial intelligence, and “Tether Edu” will focus on educational programs.

In a recent blog post, Tether highlighted this move as a significant shift in its financial empowerment strategy. The company aims to concentrate on sustainable solutions that cater to various levels, from individuals to entire nations. This includes responsible Bitcoin mining, AI infrastructure, and decentralized communication platforms.

Paolo Ardoino, Tether’s CEO, emphasized that moving beyond their core stablecoin allows them to back the development and adoption of technologies. He believes this will help communities and nations achieve self-sufficiency and independence.

Image Credit: Shutterstock

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Tether To Restructure Into Four Distinct Divisions

was first posted on April 18, 2024 at 10:48 pm.
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