Tether Joins Forces with Georgia to Establish a Leading Global Blockchain Hub

By Lola Coin Jun 28, 202374Views

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Tether, the company behind the world’s largest stablecoin USDT, has signed a Memorandum of Understanding (MOU) with the government of Georgia. This partnership aims to establish Georgia as a global center for blockchain technology and strengthen Tether’s position as an infrastructure partner for cities and nations. The collaboration is expected to benefit both parties, as Tether looks to diversify its offerings and Georgia aims to attract international investments and develop a thriving startup ecosystem. Tether plans to introduce a fund for domestic startups and collaborate on blockchain technology education in the country. Additionally, Tether has previously partnered with the authorities of Lugano, Switzerland, to expand the city’s blockchain capabilities and make Bitcoin and USDT legal tender. The success of El Salvador’s adoption of Bitcoin as legal tender is cited as an example of the potential impact of such initiatives.

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