EddieJayonCrypto
18 Apr 24
Tether, the developer of the world's largest stablecoin, is reorganizing to reflect its expanded focus on digital assets beyond its flagship USDT stablecoin. The company has formed four divisions to handle strategic investment in technology, cover the stablecoin, manage bitcoin mining investments, a...
Tether, the developer of the world's largest stablecoin, is reorganizing to reflect its expanded focus on digital assets beyond its flagship USDT stablecoin. The company has formed four divisions to handle strategic investment in technology, cover the stablecoin, manage bitcoin mining investments, and oversee educational activities. This expansion signifies a paradigm shift in Tether's approach to financial empowerment, sustainable solutions, responsible Bitcoin mining, AI infrastructure, and decentralized communication platforms. Tether has already invested in BTC mining operations, a payment processor, and AI through its association with data cloud provider Northern Data Group. The issuer of the largest stablecoin by market cap said the Data, Finance, Power and Edu divisions reflect its broadened mission. The company has already invested in several areas outside USDT.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.