Tether Expands Beyond Stablecoins with New Divisions

Tether, the issuer of the popular stablecoin USDT, is branching out into new areas of business. The company has announced the creation of four new divisions:

Data

  • Focuses on emerging technologies like artificial intelligence (AI) and peer-to-peer platforms.

Finance

  • Aims to build financial infrastructure, including a digital asset tokenization platform.

Power

  • Ventures into crypto mining, specifically Bitcoin (BTC).

Education

  • Expands knowledge of digital assets worldwide.

Tether CEO Paolo Ardoino stated that the company’s goal is to “dismantle traditional systems for fairness” and support the development of cutting-edge technology.