Tether announces plan to reorganize into four new divisions | Headlines | News | CoinMarketCap

04/18/2024 21:20
Tether announces plan to reorganize into four new divisions | Headlines | News | CoinMarketCap

Tether, the issuer of the USDT stablecoin, announced it is reorganizing to venture into broader digital asset sectors. The …

Tether, the issuer of the USDT stablecoin, announced it is reorganizing to venture into broader digital asset sectors.

The developer of the world's largest stablecoin by market cap has formed four divisions to reflect its broadening focus.

Tether forms four new divisions

The company's USDT stablecoin will be managed by a group called "Tether Finance," while another division, named "Tether Power," will manage the company's investments in bitcoin mining. A third division, "Tether Data," will oversee strategic investments in technology, including artificial intelligence (AI).  Finally, a division called "Tether Edu" will house various educational initiatives.

The company said in a blog post on Thursday that "Tether’s expansion beyond its …

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