Tether Expands Beyond Stablecoins, Launches Four New Business Divisions

Published: Apr 18, 2024
Written By:
Vignesh Karunanidhi
Milk Road Writer

Stablecoin issuer Tether has announced a significant expansion beyond its well-known USDT stablecoin offering. To deliver a range of infrastructure solutions, Tether has established four distinct business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu.

Key points:

  • Tether Data develops and invests in developing technologies like AI and peer-to-peer systems.
  • Tether Finance serves as the base for its traditional stablecoin products.
  • Tether Power ventures into sustainable Bitcoin mining operations.
  • Tether Edu is focusing on global access and the expansion of digital skills education.

This shift in Tether’s approach is part of its effort to provide sustainable solutions that adapt to the needs of individuals, communities, cities, and countries. 

Read more: Binance Set To Re-Enter India After Paying $2 Million Penalty: Report

Tether expands its presence beyond stablecoin realm

Tether’s impact on the cryptocurrency space extends far beyond its role as the leading stablecoin provider. The company has collaborated with governments and communities around the world. Initiatives such as Tether Edu, Tether Power, and Tether Data demonstrate Tether’s vision to building a global ecosystem.

Tether Data, the company’s technology division, specializes in emerging technologies development and strategic investment. Notable ventures include Holepunch, which catalyzed groundbreaking P2P technologies like Keet and Pear Runtime, and strategic investments in AI trailblazer Northern Data Group.  

Tether Finance, the digital asset services division, serves as the cornerstone for Tether’s traditional stablecoin products and financial services.  

Tether Power, the sustainable Bitcoin mining and energy division, aligns with responsible practices to secure the integrity of the world’s most robust monetary network. 

Tether Edu is the digital education and advancement transformation division. It is focused on expanding global access to digital skills education.

Paolo Ardoino, CEO of Tether, emphasized the company’s commitment to thriving together and disrupting the traditional financial landscape. “With this evolution beyond our traditional stablecoin offerings, we are ready to build and support the invention and implementation of cutting-edge technology that removes the limitations of what’s possible in this world.”

Vignesh Karunanidhi

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

Vignesh Karunanidhi
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.