Tether announces plan to reorganize into four new divisions

The developer of the world's largest stablecoin by market cap has formed four divisions to reflect its broadening focus.

Tether forms four new divisions

The company's USDT stablecoin will be managed by a group called "Tether Finance," while another division, named "Tether Power," will manage the company's investments in bitcoin mining. A third division, "Tether Data," will oversee strategic investments in technology, including artificial intelligence (AI).  Finally, a division called "Tether Edu" will house various educational initiatives.

The company said in a blog post  on Thursday that "Tether’s expansion beyond its well-established USDT stablecoin signifies a paradigm shift in its approach to financial empowerment."

"By focusing on sustainable solutions adaptive to the needs of individuals, communities, cities and countries, responsible Bitcoin mining, Artificial Intelligence infrastructure and decentralized communication platforms, Tether is actively contributing to a future-proof financial and tech ecosystem," the statement said.