- The company also invests in energy production.
- To do this, she cooperates with a local licensed company.
- Tether recently announced that it will invest up to 15% of its profits in BTC
Tether, the USDT stablecoin issuer, is expanding its investment portfolio and invests funds for energy production and green bitcoin mining in Uruguay in cooperation with a local licensed company.
The company said on Twitter:
“At Tether, we understand the importance of energy in driving progress and ensuring thriving communities. That’s why we’re committed to harnessing the power of renewable energy to mine Bitcoin, the world’s most open and secure monetary network.”
Thus, Tether expanded its influence field from finance and communications to the energy sector. The company’s goal is to become a global technology leader, and this latest initiative highlights Tether’s passion for the future of cryptocurrency. As part of this new initiative, the company is investing in renewable energy to support and promote sustainable BTC mining. To achieve this ambitious goal, Tether is actively seeking new employees and attracting experts from the energy sector.
CTO Tether, Paolo Ardoino, stated:
“Our ongoing passion for renewable energy ensures that every bitcoin we mine leaves a minimal environmental footprint while ensuring the security and integrity of the bitcoin network. Tether is proud to lead a movement that brings together cutting-edge technology, sustainable practices and financial innovation.”
Tether also recently announced that it will regularly invest up to 15% of its net realized profits in BTC starting in May.