tl;dr
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.
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