Tether, the company behind the world's largest stablecoin by market value, USDT, has announced a major expansion with the introduction of four new business divisions, diversifying its operations beyond stablecoins.
The divisions, each focusing on a different sector—Tether Data, Tether Finance, Tether Power, and Tether Edu—were announced on April 18.
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Tether Data will specialize in the development and investment in emerging technologies such as artificial intelligence and peer-to-peer platforms, forming partnerships with entities like Holepunch, Keet, and Pear Runtime.
Meanwhile, Tether Finance will enhance the company’s primary stablecoin activities while also broadening its financial services to make global financial systems more accessible.
Tether Power will focus on sustainable growth, whereas Tether Edu will promote digital literacy and blockchain technology adoption on a regional and global scale.
CEO Paolo Ardoino said:
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.
By launching these new divisions, Tether is not only looking to reinforce its position as a leader in crypto but also to pioneer innovative solutions across various different sectors.
In other Tether-related news, the company issued a response to a United Nations report that linked USDT to illegal activities earlier this year, emphasizing the cryptocurrency's traceability and collaboration with law enforcement.
