Tether Diversifies into AI, Green Mining, and Education Amid Scrutiny
April 18, 2024Tether is diversifying with four new business divisions: Data, Finance, Power, and Education.
The Data division will concentrate on artificial intelligence and peer-to-peer technologies.
The Finance division will maintain a focus on stablecoin offerings and financial services.
Tether Power aims to engage in sustainable Bitcoin mining practices.
Tether Edu will endeavor to enhance global digital skills accessibility.
The expansion is set against a backdrop of regulatory scrutiny and concerns over illicit use of Tether's stablecoin.
Despite challenges, Tether's growth into new areas may contribute to a more inclusive digital asset economy.
Summary based on 9 sources
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Sources
Seeking Alpha • Apr 18, 2024
Tether forms four divisions in expansion beyond stablecoinsCoinDesk • Apr 18, 2024
Tether Reorganizes Into 4 Divisions as It Expands Beyond StablecoinsCointelegraph • Apr 18, 2024
Tether announces restructuring to go beyond stablecoinsBeInCrypto • Apr 18, 2024
Tether Announces New Framework, Eyes Tech and Education