Tether Announces Restructuring to Expand Beyond Stablecoins

Tether, the company behind the popular USDT stablecoin, has announced a restructuring initiative to diversify its offerings beyond stablecoins. The restructuring involves the introduction of four new business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu. These divisions aim to expand Tether's mission to provide infrastructure solutions, investments, and services. Tether Data will focus on strategic investments in technologies such as artificial intelligence and peer-to-peer platforms. Tether Finance will handle traditional stablecoin products and financial services to democratise the global financial system. Tether Power will further develop Tether's mining and energy efforts, while Tether Edu will promote digital education and blockchain adoption globally. This move reflects Tether's commitment to innovation and expansion beyond its stablecoin offerings.