Tether, the company behind the USDT stablecoin, is shaking things up with a major reorganization and expansion plan. They’re splitting into four divisions to go beyond just stablecoins:
The Four Divisions
- Data: Investing in cutting-edge tech like AI and P2P platforms.
- Finance: Expanding stablecoin offerings and building new blockchain-based financial tools.
- Power: Focusing on sustainable Bitcoin mining and energy.
- Edu: Promoting digital education, especially in blockchain and P2P tech.
Tether’s Vision
Tether’s CEO, Paolo Ardoino, says they’re “thriving together” and want to “dismantle traditional systems for fairness.” They’re aiming for a future-oriented financial system that’s more inclusive and accessible.
Expanding Beyond Stablecoins
Tether isn’t just about USDT anymore. They’re also working on:
- A digital asset tokenization platform to make digital assets more mainstream.
- Other stablecoins like EURT, CNH₮, and XAU₮.
- Acquiring Bitcoin, with a current holding of 75,354 BTC.
Tether’s Impact
This expansion is a game-changer for Tether and the digital asset industry. It shows that companies can go beyond their core products and contribute to a wider financial ecosystem.
