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Tether Expands Beyond Stablecoins with New Vision
Tether, the issuer of USDT stablecoin, has recently announced a reorganization to broaden its scope beyond stablecoins. The company is restructuring into four divisions with a vision to expand its influence in the web3 industry.
The four new divisions within Tether’s updated structure include:
– Tether Data: focusing on strategic investments in technology
– Tether Finance: providing digital asset services
– Tether Power: responsible for the mining sector and energy capacity
– Tether Edu: dedicated to educational products
According to Tether’s CEO, Paolo Ardoino, the company aims to disrupt traditional financial systems and promote fairness through inclusive infrastructure solutions. With USDT’s market capitalization surpassing $109 billion in just 10 years, Tether has become a key financial and payment solution for communities in developing countries.
Ardoino also highlighted Tether’s position as one of the largest holders of U.S. Treasury bills globally. Additionally, the company has launched a new website, tether.io, to showcase its latest business ventures.
In a strategic move, Tether has expanded into the artificial intelligence industry and introduced an asset recovery tool to facilitate the transfer of USDT between blockchains in case of network failures.
Stay updated with Tether’s latest developments and explore the world of cryptocurrencies and finance on Global Crypto News.
