Tether, which developed the blockchain-enabled Tether.to powering the world’s first and most widespread stablecoin, announced that it has signed a memorandum of understanding with the Georgian government. The signed collaboration aims to position Georgia as a hub for peer-to-peer and blockchain technology, igniting a revolution in innovation and economic growth. The collaboration also adds to Tether’s commitment to advancing its strategy of building resilient cities and nations around the world. Paolo Ardoino, CTO of Tether, who signed a memorandum of understanding on blockchain and peer-to-peer technology cooperation with Georgia, said:
By working closely with the Georgian government, we aim to create a thriving environment for peer-to-peer technology use. This collaboration not only marks an important milestone for Tether, but also strengthens its position as a leading infrastructure partner for cities and nations globally. In an ever-evolving digital landscape, Tether is recognizing the need to embrace change and diversify its offerings. With a deep understanding of the potential of cryptocurrencies, Tether aims to empower cities and facilitate the adoption of blockchain technologies like Bitcoin, as well as peer-to-peer technology solutions like Keet and Holepunch.
Tether and the Georgian government have also taken an important step in developing educational programs and initiatives. In this context, it will work closely with local academic institutions, including a previously announced collaboration with BTU, one of Georgia’s top technology universities and research centers. The agreement aims to equip students and professionals with the knowledge and skills needed to succeed in the cryptocurrency industry, which covers areas such as blockchain technology, stablecoins and peer-to-peer systems. By joining forces with the Georgian government, Tether aims to strengthen the blockchain ecosystem, foster innovation and promote Georgia as a global leader in blockchain and peer-to-peer technologies. This collaboration will not only benefit the local entrepreneurial community, but will also enhance Georgia’s reputation as an attractive destination for companies and professionals around the world.