Stablecoin

Bitcoin

<div class="dailyhodl">
 <p>Stablecoin issuer Tether (USDT) says it’s branching out and advancing beyond just offering dollar-pegged crypto assets.</p>
 <p>In a new announcement, Tether says that it is adding four new divisions to its business model – data, finance, power, and education – as a means of creating an inclusive, future-proof financial and tech ecosystem.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p><em>“Tether’s expansion beyond its well-established USDT stablecoin signifies a paradigm shift in its approach to financial empowerment. </em></p>
 <p><em>By focusing on sustainable solutions adaptive to the needs of individuals, communities, cities and countries, responsible Bitcoin mining, artificial intelligence infrastructure and decentralized communication platforms, Tether is actively contributing to a future-proof financial and tech ecosystem.”</em></p>
 <p>According to the crypto firm, Tether Data will focus on development and investment into emerging technologies, such as artificial intelligence (AI) and peer-to-peer platforms while Tether Power will see the company venture into the world of crypto mining, specifically Bitcoin (BTC), for the first time.</p>
 <p>Furthermore, Tether Finance will work to build financial infrastructure, such as an upcoming digital asset tokenization platform, while Tether Edu aims to expand knowledge of digital assets across the globe.</p>
 <p>As stated by Tether chief executive Paolo Ardoino in the announcement,</p>
 <p><em>“Thriving together is in our DNA. We disrupted the traditional financial landscape with the world’s first and most trusted stablecoin. Now, we’re daring to kickstart inclusive infrastructure solutions, dismantling traditional systems for fairness. </em></p>
 <p><em>With this evolution beyond our traditional stablecoin offerings, we are ready to build and support the invention and implementation of cutting-edge technology that removes the limitations of what’s possible in this world.”</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/beyond-stablecoins-usdt-issuer-tether-announces-new-distinct-business-divisions-tbt85743.html">https://thebittimes.com/beyond-stablecoins-usdt-issuer-tether-announces-new-distinct-business-divisions-tbt85743.html</a></p>

Beyond Stablecoins: USDT-Issuer Tether Announces New Distinct Business Divisions

TheBitTimes

Other articles published on Apr 18, 2024

Bitcoin’s Struggle with Volatility and Key Support Zones

‘Wolf Of Wall Street’ J. Belfort shares his crypto portfolio

New Zealand’s Reserve Bank launches consultation for a digital dollar, eyeing a 2030 release

Binance Launches Megadrop Platform After Receiving Dubai VASP License

Solvent.app Launches Revolutionary AI-Enhanced Bot Network on Solana Blockchain with Ongoing $SOL...

Cardano CEO Unveils Interim Constitution, Signals New Governance Era

Join our free newsletter for daily crypto updates!