Tether (USDT), the stablecoin issuer, has announced its plans to expand its business model beyond offering dollar-pegged crypto assets. The company is introducing four new divisions – data, finance, power, and education – in order to create a comprehensive and future-proof financial and tech ecosystem.
This shift in approach signifies Tether’s commitment to financial empowerment by focusing on sustainable solutions that cater to the needs of individuals, communities, cities, and countries. The company aims to contribute to a future-proof financial and tech ecosystem through responsible Bitcoin mining, artificial intelligence infrastructure, and decentralized communication platforms.
Tether Data will primarily focus on the development and investment into emerging technologies, such as artificial intelligence and peer-to-peer platforms. Tether Power, on the other hand, will mark the company’s entry into the world of crypto mining, specifically Bitcoin.
In addition, Tether Finance will work on building financial infrastructure, including a digital asset tokenization platform that is set to launch soon. Meanwhile, Tether Edu aims to enhance global knowledge about digital assets.
Paolo Ardoino, the CEO of Tether, expressed his excitement about the company’s expansion, stating that they are ready to build and support cutting-edge technology that pushes the boundaries of what is possible in the world. He emphasized the company’s commitment to inclusive infrastructure solutions that dismantle traditional systems for fairness.
It is important to note that the opinions expressed in this article are not investment advice. Investors are advised to conduct their own research before investing in high-risk assets like Bitcoin, cryptocurrency, or digital assets. Any transfers or trades are done at the individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice.
