Tether has launched an initiative to improve education about blockchain and cryptocurrencies in Taiwan. USDT issuer partners with Taipei Tech to empower next generation of professionals in blockchain.
The issuer of the stablecoin Tether has launched an initiative to improve education about blockchain and digital assets in Taiwan. To do this, it has partnered with the National University of Technology Taipei (NTUT), also known as Taipei Tech. Together, they will equip students with practical knowledge and skills.
Tether brings crypto education to Taiwan
According to Tether’s official announcement, the ultimate goal is to promote “a comprehensive understanding of the technology blockchaindigital assets, Bitcoin and stablecoins“. It will be based on course materials developed for NTUT, along with support from industry experts that Tether itself will bring together. As far as the crypto industry is concerned, the course will focus on:
- Fundamental knowledge about blockchain and cryptocurrencies
- Development of critical thinking
- Risk awareness and investment principles
- Legal and regulatory education
- Industry Insights and Career Outlook
Read more: What is USDT and how does Tether work?
Tether CEO Paolo Ardoino expressed the company’s determination to empower the next generation of professionals in blockchain in the region:
“Tether’s educational initiative aligns perfectly with the visions of these universities to empower their students with the knowledge and technical skills to drive the adoption of digital assets in Taiwan,” Ardoino said.
This is not the first time that the issuer of the stablecoin promotes education about blockchain. The firm has collaborated with local organizations to educate students and teachers in education related to blockchain.
Tether redoubles its commitment to the crypto industry
Tether’s commitment to the industry continues to grow, as seen with its recent launch of Alloy, a pegged asset backed by Tether Gold (XAUT). This new token aims to provide stability in the digital economy. It combines the strengths of a stable unit of account with the security and reliability of gold.
A few days ago, Ardoino highlighted that more than 300 million users depend on the stablecoin USDT of Tether. The comment was in response to an article that suggested that stablecoins backed by dollars contribute to the demand for US public debt:
“USDT is being used by more than 300 million people around the world as the digital dollar, providing a vital utility for entire communities in developing countries. These people are underserved by the banking industry, remaining largely unbanked and subject to high inflation and rapid devaluation of their national currencies,” Ardoino wrote.
Read more: How to buy USDT in 2024? A beginner’s guide
The firm has also made efforts to improve cross-border payments, especially in emerging markets, investing $18.75 million in the XREX Group. Tether’s USDT is the stablecoin largest in terms of market capitalization, registering $112.5 billion (almost 70%) in a space of $162.9 billion.
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