Qubes OS claims that Tether and Bitfinex's support is "critical to the continued growth" of the company's operating system.
The company behind the Tether (USDT), Tether Operations Limited, and cryptocurrency exchange Bitfinex have pledged a generous 100,000 USDT grant to the privacy operating system Qubes OS.
According to the announcement shared on June 20th, the grant is a part of Tether and Bitfinex's "commitment to support projects that drive the development of secure and decentralized technologies."
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Paolo Ardoino, the Chief Technology Officer (CTO) of both Tether and Bitfinex, made a statement regarding their decision:
We recognize the paramount importance of privacy and security in the digital age. We are pleased to support the development of Qubes OS, which is a cutting-edge operating system renowned for its iron clad security.
Developers reveal that Qubes OS has garnered a commendable reputation among Bitcoin (BTC) enthusiasts and libertarians for its distinctive security architecture and commitment to safeguarding user privacy.
The OS leverages Xen-based virtualization to quarantine various tasks and applications within individual virtual machines, or "qubes," as they are called. This approach bolsters security, particularly for financial transactions, secure communications, or when handling sensitive information.
Qubes OS team showed gratitude towards such a generous grant by noting:
We greatly welcome the grant that has been gifted by Tether and Bitfinex. Their support of our open source software development is critical to the continued growth of our operating system, and ensuring it remains the best-in-class secure platform for all users.
The OS is recognized for separating diverse software. This is achieved through advanced virtualization techniques designed to fortify privacy.
This substantial financial boost from Tether and Bitfinex underscores their commitment to digital security and privacy. By supporting Qubes OS, they contribute to the development of innovative technologies, ultimately aiding in fortifying digital privacy and security in an increasingly interconnected world.
Last week, Tether publicized an extensive rebuttal to media claims that the company's reserves previously contained securities issued by Chinese companies.
