Tether Forges An Alliance With Former Soviet Bloc Nation To Develop Country's Blockchain Ecosystem
Portfolio Pulse from Murtuza Merchant
Stablecoin issuer Tether (CRYPTO: USDT) has partnered with the Government of Georgia to develop the country's blockchain ecosystem. The collaboration aims to attract global investments and stimulate the growth of blockchain start-ups in Georgia. Tether plans to set up a specialized fund to support local start-ups in the development of blockchain technologies. The partnership also includes cooperation in the educational field and the establishment of a robust and independent communication and financial system.
June 28, 2023 | 1:45 pm
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Tether's partnership with the Government of Georgia to develop the country's blockchain ecosystem could potentially increase the demand and usage of Tether in the region, which may positively impact its value.
The partnership with the Government of Georgia is a significant development for Tether as it could potentially increase the demand and usage of Tether in the region. This could lead to an increase in its value. However, the impact will depend on the success of the partnership and the adoption of blockchain technologies in Georgia.
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