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To adapt to expanding focuses, Tether is reorganizing four divisions: Data, Finance, Power and Education. Tether, the developer of the world’s largest stablecoin, announced that digital wealth is expanding into different abundances. In an announcement on Thursday, the company, which is the issuer of USDT, said it will create four divisions that will reflect its increased focus plans.
These four sections will be called Data, Finance, Power and Education and will manage investments in technological, financial infrastructure, Bitcoin mining and digital education areas, respectively. The data department continues to analyze the large datasets held by Tether and is working on the transparency and reliability of this data. The finance department will focus on financial infrastructure and develop solutions that will strengthen the digital asset ecosystem.
The Power division will focus on Bitcoin mining and other crypto mining activities and will manage creation investments in this area. Finally, the Education section will aim to provide education and information to the masses about cryptocurrencies and blockchain technology.
USDT is the world’s largest stablecoin, consisting of cryptocurrencies generally pegged to the US dollar, with a market capitalization exceeding $100 billion. However, Tether has faced serious scrutiny over the perceived transparency of the reserves backing USDT. This restructuring is reflected in conducting the company’s activities in a more transparent and diversified manner.
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