Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins
Summary
Tether, the developer of the world's largest stablecoin, USDT, is restructuring as it expands into other digital asset areas. The company has formed four divisions: Data, Finance, Power, and Education. These divisions will handle strategic investments in technology, financial infrastructure, bitcoin mining, and digital education respectively. Despite having a market cap of over $100 billion, Tether has faced scrutiny over the perceived lack of transparency of the reserves backing USDT.
