Tether forms agreement with Georgia for development of blockchain industry hub

CryptoSlate
CryptoSlate

28 Jun 2023 12:46 PM

Tether said it intends to position Georgia as a blockchain hub....

  • Tether, a cryptocurrency company, has signed a Memorandum of Understanding (MOU) with the Government of Georgia to create a flourishing environment for peer-to-peer and blockchain technology.
  • The collaboration aims to position Georgia as a central hub for these technologies, attracting international attention and investment.
  • The partnership focuses on fostering the startup ecosystem in Georgia, including the creation of a local startup development fund and cooperation in the educational field.
  • Tether and the Georgian government will work with local academic institutions to develop educational programs for cryptocurrency industry employment.
  • Georgia joins other regions like El Salvador, Switzerland, Portugal, UAE, and Hong Kong in their efforts to become leading cryptocurrency hubs.

The article highlights a positive sentiment towards the collaboration between Tether and the Government of Georgia, emphasizing the potential for innovation, economic growth, and the development of a thriving peer-to-peer and blockchain technology environment in the region.

Go to publisher site

You May Ask

What is the purpose of Tether's collaboration with the Government of Georgia?How does the partnership aim to stimulate startup growth in Georgia?What educational initiatives are planned to support the cryptocurrency industry in Georgia?Which other regions are competing with Georgia to become cryptocurrency hubs?What is the current GDP growth rate of Georgia and how does it compare to other countries?Note: The analysis tasks have been completed based on the given input article.

Suggested Reads