18 April 2024 – Tether, the largest company in the digital asset industry, is embarking on an unstoppable journey beyond its most famous USDT offering. Tether will broaden its mission towards delivering a range of infrastructure solutions for a more inclusive world. Working towards this new framework are four new and distinct business divisions within Tether – Data, Finance, Power, Edu(cation).
Tether’s expansion beyond its well-established USDT stablecoin signifies a paradigm shift in its approach to financial empowerment. By focusing on sustainable solutions adaptive to the needs of individuals, communities, cities and countries, responsible Bitcoin mining, Artificial Intelligence infrastructure and decentralised communication platforms, Tether is actively contributing to a future-proof financial and tech ecosystem.
Along with offering a host of stablecoin products such as USDT, Tether has established itself as a positive force in the digital assets space. In regions across the globe, the name ‘Tether’ has become synonymous with financial freedom and empowerment. Beyond being the leading stablecoin provider in the industry, Tether has also worked with communities on the ground across many geographies as well as with governments to help lay the foundation for a more sustainable future that harnesses the power of decentralisation and cutting-edge technology. In order too build such a visionary global ecosystem, Tether has launched different initiatives such as Tether Edu, Tether Power, and most recently, Tether Data.
In announcing this new company framework, Tether will direct the following business divisions towards its broaden mission of building an unstoppable, future-proof world:
Tether Data – Strategic Investments in Technology Division
Tether’s technology division specialises in the development and strategic investment of emerging technologies, such as artificial intelligence and peer-to-peer platforms. With notable ventures such as Holepunch, which catalysed ground-breaking P2P technologies like Keet and Pear Runtime, alongside strategic investments in AI trailblazer Northern Data Group, Tether Data is pushing the boundaries of possibility in the digital age.
Tether Finance – Digital Asset Services Division
Tether Finance serves as the cornerstone for Tether’s traditional stablecoin products and financial services, championing technology that democratises the global financial system. Tether Finance is poised to spearhead leveraging blockchain technology to build unstoppable financial infrastructure, including the upcoming digital asset tokenization platform, catalysing mainstream adoption of digital assets.
Tether Power – Sustainable Bitcoin Mining and Energy Division
Tether’s mining and energy division is venturing into sustainable Bitcoin mining operations, aligning with responsible practices to secure the integrity of the world’s most robust monetary network. Grounded in a legacy of fostering financial freedom and prosperity, Tether continues to prioritize sustainable growth.
Tether Edu – Digital Education and Advancement Transformation Division
Tether Edu is committed to expanding global access to digital skills education. With a multifaceted strategy, the division cultivates knowledge, awareness, and proficiency in digital and other cutting-edge technologies. Through leadership and support of educational initiatives, Tether Edu is driving the proliferation and adoption of blockchain and peer-to-peer technologies regionally and globally. Tether Edu’s portfolio includes public-private partnerships such as Lugano’s Plan B as well as investments into platforms such as the Academy of Digital Industries.
“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 Paolo Ardoino, CEO of Tether. “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.”
To learn more about our journey toward building a decentralized, open, and sustainable reality for all, please visit the Tether website, follow us on X, or join our Telegram channel.
