Tether Edges Closer to Shadow Government Status With New Georgia MOU

BeInCrypto
BeInCrypto

28 Jun 2023 9:06 PM

Tether has recently announced a wide-ranging partnership with Georgia. But small countries should be wary of the influence of tech behemoths....

  • Tether has signed an MOU with the government of Georgia to establish the country as a hub for peer-to-peer and blockchain technology.
  • The MOU lacks legal obligations but serves as a marker for Tether's ambitions.
  • Tether plans to set up a fund to support local startups in developing blockchain technologies.
  • The partnership aims to encourage international collaborations and cooperation in the educational field regarding blockchain technology.
  • Tether previously collaborated with Georgia's Business and Technology University for educational purposes.
  • The closeness of the partnerships raises questions about bias and favoritism in policy-making.
  • Tether has also made a $1 billion investment into the world's largest Bitcoin mining site in El Salvador.
  • Analysts predict Tether could become one of the most profitable companies in the United States this year.

The sentiment of the article is generally positive, highlighting Tether's partnerships and ambitions in Georgia and its potential profitability.

Go to publisher site

You May Ask

What is the purpose of Tether's memorandum of understanding with the government of Georgia?How does Tether plan to support local startups in Georgia's blockchain technology development?What other collaborations has Tether made in Georgia?What concerns are raised by the closeness of Tether's partnerships with the Georgian government?What other significant investments or partnerships has Tether made recently?

Suggested Reads