Tether Diversifies into Georgian Educational Sector
Tether invests in the Academy of Digital Industries, Georgia, enriching education with blockchain and digital technology expertise.
![image Edmund](https://image.coinlive.com/24x24/cryptotwits-static/2488f86d7c9c42855a452b202bf85f6c.png)
Tether invests in the Academy of Digital Industries, Georgia, enriching education with blockchain and digital technology expertise.
Successful applicants, upon investing $1 million in BTC or USDT, secure a free visa and citizenship.
BlackRock, the world’s largest asset manager, has over $9 trillion in assets, but concerns have risen about its concentration of power potentially having adverse effects on market dynamics and individual investors.
Ardiono replaces former CEO Jean-Louis van der Velde, who will transition into an advisory role at Tether.
The company has filed an application to launch the first spot Bitcoin Exchange Traded Fund (ETF), which is currently pending approval from the U.S. Securities and Exchange Commission (SEC).
The American multinational fast food chain McDonald's has started accepting payments in Bitcoin and Tether in Switzerland's city of Lugana.
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said.
Tether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.