In a recent announcement, Tether reveals that it is partnering with Georgia to develop blockchain and advance its adoption in the country.
The partnership seeks to fully help local tech startups lean into the peer-to-peer and blockchain industry.
Tether, the firm behind the blockchain-enabled platform Tether.io, which powers the popular USDT stablecoin, has partnered with Georgia.
According to the announcement, Tether has signed a Memorandum of Understanding (MOU) with the Government of Georgia. The partnership could position Georgia as a leading peer-to-peer and blockchain technology hub. In the long term, the collaboration could foster innovation and pioneer economic growth in the country.
Speaking on the importance of the partnership, Paolo Ardoino, the CTO of Tether, explained that the collaboration with Georgia’s government could help to create a flourishing environment for peer-to-peer technology usage. He further asserts that the partnership also highlights Tether’s position as a network that remains committed to advancing the adoption of blockchain technologies. Paolo Ardoino stated.
This collaboration not only marks a significant milestone for Tether but also reinforces its position as a pioneering infrastructure partner for cities and nations globally. In an ever-evolving digital landscape, Tether recognizes the need to embrace change and diversify its offerings beyond stability. With a deep understanding of the potential of cryptocurrencies, Tether aims to empower cities and facilitate the adoption of blockchain technologies such as bitcoin and peer-to-peer technology solutions such as Keet and Holepunch.
Tether to partner with local Georgia universities.
Creating a conducive environment for peer-to-peer tech startups, decentralized solutions, and adoption is crucial for advancing the blockchain ecosystem. To achieve this, the partnership will mainly focus on building a thriving startup ecosystem in Georgia.
The partnership also highlights the benefits of residing in Georgia, including favorable working conditions, high quality of life, and many others. The move could attract international attention and investment, triggering overall growth and success within innovative tech startups in the blockchain industry.
Additionally, Irakli Nadareishvili, the Deputy Minister of Economy and Sustainable Development, explained that Tether is fully committed to investing in Georgia. Tether is creating a special fund for local startups to make this a reality. The move aims to assist in developing blockchain technologies in Georgia and positioning the country as an attractive ecosystem for technological startups. The Deputy Minister stated.
No spam, no lies, only insights. You can unsubscribe at any time.
We also agreed on cooperation in the educational field regarding blockchain technology, which will contribute to the development of local blockchain technologies in the country, as well as the introduction of companies operating in this sector in Georgia.
Conclusively, the Georgian government and Tether plan to partner with local academic institutions to develop educational programs and initiatives. Notably, Tether previously announced it was collaborating with BTU, a leading technological university and research center in Georgia.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
