Tether Grows Beyond Stablecoins with New Business Segments
Key Takeaways
- Tether announced four new business units: Tether Data, Tether Finance, Tether Power, and Tether Edu.
- This indicates that Tether has expanded beyond stablecoins.
- Each division will focus on investing in and developing emerging technologies, strengthening stablecoin operations, expanding access to finance, sustainable growth, digital literacy, and global blockchain adoption.
Tether, developer of USDT, the world’s largest stablecoin by market value, has announced a major expansion. Introducing four new business divisions, We are diversifying our operations beyond stablecoins.
Each department focuses on a different sector.Tether Data, Tether Finance, Tether Power, Tether Edu—Announced on April 18th.
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Tether Data specializes in: New technology development and investment We are forming partnerships with companies such as Holepunch, Keet, and Pear Runtime, including artificial intelligence and P2P platforms.
Meanwhile, Tether Finance Strengthens the company’s primary stablecoin activities. It also expands financial services to increase access to the global financial system.
Tether Power will focus on: sustainable growth, On the other hand, Tether Edu Drive digital literacy and adoption of blockchain technology on a regional and global scale.
CEO Paolo Ardoino said:
Prospering together is in our DNA. We disrupted the traditional financial landscape with the world’s first and most trusted stablecoin. Now, in the interest of fairness, we are boldly launching comprehensive infrastructure solutions by dismantling existing systems.
By launching these new divisions, Tether not only strengthens its position as a leader in the cryptocurrency space, but also seeks to pioneer innovative solutions across a variety of sectors.
In other Tether-related news, the company issued a response to a United Nations report linking USDT to illicit activities earlier this year, emphasizing the cryptocurrency’s traceability and cooperation with law enforcement agencies.
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