Tether to restructure, expand beyond stablecoin sector

Tether has announced a reorganization to expand beyond stablecoins.

Tether has announced a new vision to reorganize its organization into four divisions and expand beyond its stablecoin division.according to press releasethe issuer of the USDT stablecoin, intends to significantly expand its influence in the Web3 industry.

According to available information, four new divisions will operate within the company’s modern structure. Departments include:

  • Tether Data: A division that makes strategic investments in technology.
  • Tether Finance: Digital asset services division.
  • Tether Power: The department responsible for the mining sector and the company’s energy capacity.
  • Tether Edu: A division focused on educational products.

“We disrupted the traditional financial landscape with the world’s first and most trusted stablecoin. We are now dismantling the traditional system for fairness and building a comprehensive infrastructure. We are boldly launching solutions.”

Paolo Ardoino, CEO of Tether

In another post, the company’s CEO noted that USDT’s capital has exceeded $109 billion in its 10 years of existence.

Ardoino said Tether is one of the largest holders of U.S. Treasury bills. The CEO also announced the launch of tether.io, a website dedicated to the company’s new business.

Tether also previously announced strategic expansion into the artificial intelligence industry. The company also unveiled an asset recovery tool that allows USDT to be transferred between blockchains in the event of a failure of one of its supported networks.

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