Tether makes strategic investment in Northern Data Group

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Through the partnership, Tether and Northern Data Group will collaborate on AI, communication and data storage initiatives.

Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Tether, the firm behind the USDT stablecoin, has made a strategic investment in Northern Data Group, which provides data center and cloud environment services based in Germany.

Northern Data Group provides not only blockchain but AI computing services. Through the partnership, Tether and"This investment is significant for Tether as it demonstrates its determination to support emerging technology," Tether wrote in a"We are excited about this investment into Northern Data Group as it represents a fresh venture into new technological frontiers," Tether Chief Technology Officer Paolo Ardoino said.

"This investment underscores our commitment to responsible growth and innovation while preserving the strength and integrity of Tether tokens’s reserves." maintains 68% of the total stablecoin supply at 90.62 billion via its USDT token, according to The Block's Data Dashboard.© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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