Key Takeaways
- Tether has signed a partnership with Da Nang City, Vietnam, to implement blockchain-based governance solutions.
- This marks an expansion of Tether’s activities beyond issuing stablecoins, into public sector blockchain infrastructure.
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Tether, the world’s leading stablecoin issuer, has signed a Memorandum of Understanding (MoU) with Da Nang City to develop blockchain-based governance solutions for the Vietnamese municipality.
The collaboration will target blockchain policy development, sandbox frameworks, and tokenization of real-world assets. It also includes educational programs with universities to promote blockchain, peer-to-peer, and AI literacy, and to train local talent in building blockchain-based payment systems that enhance financial inclusion.
Tether has broadened its ecosystem by launching toolkits that enable blockchain-based payments and savings for various users, including AI agents. The company has increasingly focused on developing open-source tools for self-custodial wallets supporting digital assets.
Vietnam has been advancing its national blockchain infrastructure as part of broader efforts to achieve technological self-reliance. The country is progressing with initiatives to build domestic blockchain systems, emphasizing independence in digital technology development.
