Tether partners with Da Nang City to promote blockchain innovation in Vietnam
Vietnam's push for digital independence gains momentum as Tether brings blockchain tools to local government innovation efforts.
Key Takeaways
- Tether has signed a partnership with Da Nang City, Vietnam, to implement blockchain-based governance solutions.
- This marks an expansion of Tether’s activities beyond issuing stablecoins, into public sector blockchain infrastructure.
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Tether, the world’s leading stablecoin issuer, has signed a Memorandum of Understanding (MoU) with Da Nang City to develop blockchain-based governance solutions for the Vietnamese municipality.
The collaboration will target blockchain policy development, sandbox frameworks, and tokenization of real-world assets. It also includes educational programs with universities to promote blockchain, peer-to-peer, and AI literacy, and to train local talent in building blockchain-based payment systems that enhance financial inclusion.
Tether has broadened its ecosystem by launching toolkits that enable blockchain-based payments and savings for various users, including AI agents. The company has increasingly focused on developing open-source tools for self-custodial wallets supporting digital assets.
Vietnam has been advancing its national blockchain infrastructure as part of broader efforts to achieve technological self-reliance. The country is progressing with initiatives to build domestic blockchain systems, emphasizing independence in digital technology development.
