CoinTelegraph reported that Tether, the company behind the well-known Tether stablecoin, is undergoing a restructuring to establish new business divisions besides stablecoin development.
Tether has rolled out a new structure that includes four new divisions - Tether Data, Tether Finance, Tether Power, and Tether Edu - according to an official statement released on April 18.
The goal of these new divisions for Tether is to broaden its scope and offer a wider variety of infrastructure solutions, investments, and services.
Within Tether Data, the company will be focusing on making strategic investments in technologies such as artificial intelligence and peer-to-peer platforms like Holepunch, Keet, and Pear Runtime.
Tether Finance is expected to function as the central hub for Tether's traditional stablecoin products and financial services with a mission to democratize the global financial system.
Tether Power aims to advance Tether's involvement in mining and energy endeavors, while Tether Edu will concentrate on digital education and promoting blockchain adoption on a regional and global scale.
Tether CEO Paolo Ardoino emphasized that after disrupting the traditional financial landscape with the creation of the pioneering and reputable stablecoin, the company is now venturing to introduce comprehensive infrastructure solutions that challenge traditional systems for equity.
Looking ahead, Ardoino expressed his excitement about expanding Tether's offerings beyond stablecoins to support the development and implementation of cutting-edge technology that pushes the boundaries of what is achievable in our world.
