Tether Takes Crypto Education To Taiwan

Tether has launched an initiative that will see it enhance blockchain and cryptocurrency education in Taiwan, a country in East Asia.

The issuers’ USDT boasts the largest valuation among top stablecoin tokens on market capitalization metrics.

Tether Takes Crypto Education to Taiwan

Stablecoin issuer Tether has launched an initiative to enhance blockchain and digital asset education in Taiwan. To this end, it has partnered with the National Taipei University of Technology (NTUT), also known as Taipei Tech. Together, they will equip students with knowledge and practical skills.

Based on the official announcement by Tether, the ultimate goal is to promote “a well-rounded understanding of blockchain technology, digital assets, Bitcoin and stablecoins.” It will build atop course materials developed for NTUT, coupled with support from industry experts that Tether itself will assemble. As it pertains to the crypto industry, the course will focus on:

• Fundamental knowledge of blockchain and cryptocurrencies
• Critical thinking development
• Risk awareness and investment principles
• Legal and regulatory education, and
• Industry insights and career prospects

Read more: Top 12 Crypto Companies to Watch in 2024

Tether CEO Paolo Ardoino expressed the company’s resolve to empower the next generation of blockchain professionals in the region.

“Tether’s education initiative aligns seamlessly with the visions of these universities to empower their students with the knowledge and technical skills to boost the adoption of digital assets in Taiwan,” said Ardoino.

This is not the first time the stablecoin issuer is pushing toward blockchain education. The firm has collaborated with local organizations to educate students and professors to attend blockchain-related education.

USDT Issuer Doubles Down on Crypto Industry Growth

Tether’s industry commitment continues to grow, as seen with its recent launch of Alloy, a tethered 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 over 300 million users depend on Tether’s USDT stablecoin. The comment was in response to an article suggesting that dollar-backed stablecoins contribute to the demand for US public debt.

“USDT is being used by more than 300 million people across the world as the digital dollar, providing a lifeline utility to entire communities in developing countries. These people are underserved by the banking industry, mostly remaining unbanked and subject to high inflation and fast devaluation of their national currencies,” Ardoino wrote.

Read more: 9 Best Crypto Wallets to Store Tether (USDT)

The firm has also made efforts to enhance cross-border payments, particularly in emerging markets, investing $18.75 million into XREX Group. Tether’s USDT is the largest stablecoin on market capitalization metrics, recording $112.5 billion (nearly 70%) in a $162.9 billion space.