Tether to Debut a New Arm Focused on Education: Details

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Tether, the firm behind the largest stablecoin by market capitalization, USDT, has confirmed that it plans to launch a new arm that will be focused on providing courses, workshops, and other resources for skill development in blockchain technology and other digital fields. 

As per the firm, the new business of the stablecoin issuer will offer a “smart education environment” with the cooperation of experts and pioneers in their fields. The new arm has been named ‘Tether Edu’ and is one of the many ventures that the firm is currently dabbling with. 

Tether Moves Forward with Education

It is crucial to mention here that Tether Edu’s main focus will be the developing regions of Africa, Latin America, the Middle East, Europe, the Commonwealth of Independent States, and Asia. The goal is to “bridge knowledge gaps, empower individuals, and ignite economic growth.”

“Tether Edu represents a leap forward in our sustained commitment to drive digital education worldwide, with a particular emphasis on empowering emerging markets,” said Paolo Ardoino, CEO of Tether. “ 

More Topics Other than Blockchain

As confirmed in a statement, the educational venture of Tether will witness the firm engaging in topics such as design, artificial intelligence, and coding, along with blockchain technology. 

“We firmly believe that financial tools, exemplified by USDt, are not merely instruments for transactions but catalysts capable of rewriting economic history. Education stands as the cornerstone of this journey, serving as a linchpin for fostering economic prosperity and sustainable development,” added Ardoino.

Collaboration with Existing Initiatives

Tether also added that it will collaborate with the firm’s existing initiatives, including collaborations with the Academy of Digital Industry in Georgia and crypto exchange Bitkub in Thailand. Notably, the stablecoin issuer is also the sponsor of Plan B Summer School in Lugano, Switzerland.

Further, in a post on social media platform X, Ardoino stated that at least some of the material offered may be paid for. Additionally, the new arm of the firm has not been launched yet, and the firm is looking to hire human resources and financial executives.

Tether Expands to Other Industries

The stablecoin issuer recently confirmed making a major investment in CityPay.io, a business that processes payments at more than 600 sites across Georgia. The firm also highlighted a new Bitcoin (BTC) mining software that its team of developers is getting ready to release.

As reported earlier by TheCoinRise, the firm also partnered with regulatory agencies in the United States to combat crimes in the digital asset space.

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