Tether has signed a Memorandum of Understanding (MoU) with the government of Georgia to develop blockchain, Bitcoin, and peer-to-peer infrastructure to promote innovation. The agreement aims to establish Georgia as a hub for blockchain technology and spark economic growth. Tether plans to create a flourishing environment for peer-to-peer technology usage and empower cities with blockchain and peer-to-peer technology solutions. The collaboration will focus on fostering decentralized solutions, adoption, and peer-to-peer technology startups in Georgia. Tether will create a special fund for local startups and provide assistance for the development of blockchain technologies. The partnership also aims to develop a robust independent financial and communication system and enhance existing infrastructure to support blockchain-based solutions. Tether aims to strengthen the blockchain ecosystem, promote innovation, and position Georgia as a global technology leader. Some analysts predict that Tether’s profits could reach $6 billion by 2023, making it one of the most profitable companies in the US.
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