Share this article
Tether is establishing four new divisions focusing on data, finance, power (Bitcoin mining and energy), and education. The new ventures are part of the company’s ongoing efforts to build a more inclusive financial and technological future, Tether shared in a news release today.
According to the team, the new divisions, named Tether Data, Tether Finance, Tether Power, and Tether Edu, target a wide range of services, such as data management, financial services built on blockchain technology, sustainable Bitcoin mining, Artificial Intelligence (AI), and digital education initiatives.
Moving beyond its core business of offering USDT, Tether’s goal is to create financial products and services accessible to everyone, regardless of location or background.
This includes building infrastructure that supports the adoption of digital assets and educating people about these new technologies. Tether said it has partnered with various institutions and initiatives to promote widespread adoption of these technologies.
Notably, the company wants to use blockchain technology to create a more democratic financial system. Tether also revealed its plans to launch a digital asset tokenization platform, making it easier for people to participate in the digital asset space.
Earlier this week, Paolo Ardoino, CEO of Tether, hinted that Tether would soon launch its own tokenization platform. The platform will be completely non-custodial and customizable with multi-chain and multi-asset support. Ardoino said it would enable the tokenization of everything, from bonds, stocks, or funds to rewards points.
Ardoino believes the new ventures will lead to a future-proof financial and tech ecosystem that’s accessible, sustainable, and empowering for individuals and communities worldwide.
“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,” said Ardoino.
“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. We’re Tether. We use technology to empower individuals, communities, cities, and nations to become self-sustainable, independent, and free. Be unstoppable, together,” added he.
Last week, Ardoino revealed that Tether’s $500 million Bitcoin mining project is close to its final stage. The investment has been used to set up mining facilities and renewable energy plants in Uruguay, Paraguay, and El Salvador. The company aims to make Bitcoin mining more decentralized.
Last month, Tether officially announced its expansion into AI due to concerns about monopolizing technology development in this sector. The company will focus on developing open-source models and setting new industry standards.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source
