Tether Expands Business Scope Beyond Stablecoins

According to PANews, Tether CEO Paolo Ardoino recently shared on the X platform that the company is broadening its business scope, venturing into sectors such as telecommunications, biotechnology, and education. This expansion aims to provide global support and assistance. Ardoino emphasized that Tether is not merely a stablecoin company but a 'stable' company, indicating that despite diversifying its business operations, it remains committed to maintaining stability. Previously, Ardoino outlined various use cases for the stablecoin USDT, including stable dollar savings, instant payments for freelancers, fast and low-cost remittances, inflation hedging, cryptocurrency exchange trading, global supplier payments, e-commerce transactions, DeFi lending, and stablecoin crowdfunding, totaling 22 applications.