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Tether Expands Beyond Stablecoins with Launch of New Business Divisions

Key Takeaways

  • Tether announces four new business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu;
  • This marks Tether's expansion beyond stablecoins;
  • The divisions will focus on investment and development of emerging technologies, enhancing stablecoin operations, broadening financial access, sustainable growth, digital literacy, and global blockchain adoption.
Tether Expands Beyond Stablecoins with Launch of New Business Divisions

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 Eduwere 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.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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