Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
Tether, the developer of the world’s largest stablecoin, said it is reorganizing as it expands into other areas of digital assets.
The USDT issuer formed four divisions to reflect its broadening focus, according to an announcement on Thursday.
01:42
Bitcoin Starts Trading Week in the Red; Tether Freezes 41 Crypto Wallets Tied to Sanctions
01:03
El Salvador Targets Bitcoin Millionaires in New Push to Attract Long-Term Residents
02:02
OpenAI’s Ex-CEO Sam Altman Joins Microsoft; Bullish Completes Purchase of CoinDesk: WSJ
02:09
BitGo CEO Says More Bitcoin ETF Rejections Are ‘Quite Likely’; Tether’s Bitcoin Mining Plans
The four divisions are called Data, Finance, Power and Edu(cation) and will handle strategic investments in technology, financial infrastructure, bitcoin mining and digital education, respectively.
USDT is the world’s largest stablecoin – cryptocurrencies whose price is pegged to a real-world asset, usually the U.S. dollar – with a market cap in excess of $100 billion. Tether has, however, received considerable scrutiny for the perceived opaqueness of the reserves that back USDT.
Edited by Sheldon Reback.
