Tether to Reorganize into Four New Divisions

tether 2 1200x675 1

The issuer of the USDT stablecoin, Tether, has announced plans to reorganize as it ventures into broader digital asset sectors.

Tether has formed four divisions to reflect its broadening focus. Tether’s USDT stablecoin, the world’s largest stablecoin by market cap, will be managed by a group called “Tether Finance,” while another division, named “Tether Power,” will manage the company’s investments in bitcoin mining.

“Tether Data” will oversee strategic investments in technology, including artificial intelligence (AI) while the “Tether Edu” division will house various educational initiatives.

The company said that “Tether’s expansion beyond its well-established USDT stablecoin signifies a paradigm shift in its approach to financial empowerment.”