Tether Partners With Georgia to Transform Country into Blockchain Hub
• Tether has signed a Memorandum of Understanding (MOU) with Georgia’s government to assist the country in its effort to become a global center for blockchain technology.
• The partnership will create a designated fund for local startups to support the advancement of blockchain technology in the region.
• With this move, Tether aims to diversify its offerings and empower cities by facilitating the adoption of blockchain technologies such as Bitcoin.
Tether Collaborates With Georgia
Tether, the company behind the world’s largest stablecoin USDT, recently signed a Memorandum of Understanding (MOU) with Georgia’s government in order to assist the country in becoming a global hub for blockchain technology. This collaboration reinforces Tether’s position as an infrastructure partner for cities and nations globally.
Establishing Startup Ecosystem
The signed collaboration could positively affect both Tether and Georgia, as it focuses on establishing a thriving startup ecosystem in Georgia which would stimulate further growth in the world of crypto. Paolo Ardoino – CTO of the stablecoin-issuer – described this move as “a significant milestone” that could help his organization in its goal to diversify its offerings.
Facilitating Adoption Of Blockchain Technologies
With this partnership, Tether aims to empower cities and facilitate the adoption of blockchain technologies such as bitcoin as well as peer-to-peer technology solutions such as Keet and Holepunch. Additionally, it will also create a designated fund for local startups to support the advancement of blockchain technology in the region.
High Quality Of Life In Georgia
Both Tether and Georgian government praised nation’s high quality of life and favorable working conditions which could attract more international talent into their developing industry. According to them, these factors combined with their ongoing cooperation could be beneficial for both parties involved.
A Pioneering Infrastructure Partner
The signed MOU puts forth that Tether is paving way forward for becoming a pioneering infrastructure partner not only for Georgia but also other cities and nations globally who wish to take advantage from what cryptocurrency has to offer while striving towards technological innovation at same time.