Tether has announced a reorganization, dividing its structure into four divisions and looking to expand beyond the stablecoin sector. The company’s updated structure will now include four divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu. Each division will serve specific purposes, such as strategic investments in technology, digital asset services, mining sector responsibilities, and educational products. Paolo Ardoino, CEO of Tether, expressed the company’s ambition to disrupt traditional financial systems and kickstart inclusive infrastructure solutions.
The CEO highlighted Tether’s status as the world’s first and most trusted stablecoin, and announced plans to expand the company’s ventures with the introduction of a website called tether.io. In a separate post, the CEO emphasized that USDT’s capitalization has surpassed $109 billion over the course of its 10-year existence.
