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May 22, 2024
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Tether reorganizes into four divisions: Data, Finance, Power, and Edu(cation)

Tether, the company behind the world’s largest stablecoin USDT, announced a significant reorganization and expansion strategy to broaden its influence in the other areas of digital assets.

The company formed four divisions to reflect its broadening focus:

Tether Data, Strategic Investments in Technology Division, will be focused on the development of emerging technologies, such as artificial intelligence and peer-to-peer platforms;

Tether Finance, Digital Asset Services Division, “serves as the cornerstone for Tether’s traditional stablecoin products and financial services.” This division will also adapt blockchain technology to build financial infrastructure, including the upcoming digital asset tokenization platform.

Tether Power, Sustainable Bitcoin Mining and Energy Division, is “enturing into sustainable Bitcoin mining operations, aligning with responsible practices to secure the integrity of the world’s most robust monetary network.”

Tether Edu, the Digital Education and Advancement Transformation Division, is dedicated to enhancing global access to digital education, particularly in blockchain and peer-to-peer technologies.

While the 10-year-old company is already active in these areas, the establishment of distinct divisions reflects the growing importance it attaches to interests beyond its flagship stablecoin.

The post Tether reorganizes into four divisions: Data, Finance, Power, and Edu(cation) appeared first on Crypto Reporter.

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