Tether announced in yesterday’s press release that the company is establishing four new departments, each focusing on different areas including “data, finance, energy (bitcoin mining and energy), and education”.
According to the team’s introduction, these newly established departments, named Tether Data, Tether Finance, Tether Power, and Tether Edu, will be dedicated to providing a range of services in various aspects such as data management, blockchain-based financial services, sustainable bitcoin mining, artificial intelligence (AI), and digital education.
Tether stated that its goal is to go beyond its core business of stablecoin USDT and create open financial products and services that are accessible to everyone, leading to a sustainable financial and technological ecosystem. Paolo Ardoino, CEO of Tether, stated in the press release:
In fact, the planning of these new ventures by Tether is not new. As early as the past few months, the company has been actively deploying businesses beyond stablecoins. Last week, Paolo Ardoino revealed that Tether’s $500 million bitcoin mining project is nearing its final stage, with the investment being used to establish mining facilities and renewable energy plants in Uruguay, Paraguay, and El Salvador. Last month, Tether also officially announced its entry into the field of artificial intelligence, focusing on developing open-source models and setting new industry standards to address the issue of monopolization in this field.
Furthermore, earlier this week, Paolo Ardoino hinted that Tether will soon launch its own tokenization platform. The platform will be fully non-custodial and support multiple chains and assets, enabling the tokenization of all assets such as bonds, stocks, funds, and reward points.
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