Tether is the company that created the largest stablecoin in the world, USDT. Reorganization of the company and a strategy for expansion to expand its reach in other digital asset areas.
Four divisions were formed to represent the company’s broadening of focus.
Tether DataStrategic Investments in Technology Division will focus on developing emerging technologies such as peer-to-peer platform and artificial intelligence;
Tether FinanceDigital Asset Services Division will be the foundation for Tether’s stablecoins and other financial products. This division also uses blockchain technology in order to create financial infrastructure.
The Tether PowerSustainable Bitcoin Mining and Energy Division is “investing in sustainable Bitcoin mining operations aligned with responsible practices, to ensure the integrity of the most robust financial network on the planet.”
Tether EduThe Digital Education and Advancement Transformation Division is committed to improving global access to digital learning, especially in the areas of blockchain and peer to peer technologies.
The 10-year-old firm is active in all of these fields, but the creation of separate divisions shows the importance that it places on interests other than its stablecoin.