Tether Expands Beyond Stablecoins With Four New Divisions

Tether is reorganizing into four business divisions, Tether Power, Tether Data, Tether Edu and Tether Finance, as it expands beyond stablecoins, according to a blog post. Tether CEO Paolo Ardoino said the evolution beyond its traditional stablecoin offerings will support cutting-edge technology. Tether Power will pursue sustainable Bitcoin mining, with a $500 million expansion in Uruguay, Paraguay and El Salvador that Ardoino said was nearing completion. Tether Data will focus on emerging technologies such as AI, and Tether Finance will continue the firm's stablecoin products while expanding into financial infrastructure such as a tokenization platform.