#What is Tether's New Partnership with Da Nang City?
Tether has initiated a strategic partnership with Da Nang City, Vietnam, aimed at implementing blockchain-based governance solutions. This development highlights Tether's ambition to broaden its operations, extending beyond the issuance of stablecoins into the realm of public sector blockchain infrastructure.
#How Will This Collaboration Impact Blockchain Governance?
The Memorandum of Understanding (MoU) between Tether and Da Nang City focuses on a variety of critical initiatives. Among these are the development of blockchain policies, the establishment of sandbox frameworks, and the tokenization of physical assets. These initiatives are designed to create an environment that nurtures innovation through practical applications of blockchain technology. Additionally, this collaboration will facilitate educational programs in partnership with local universities to promote literacy in blockchain technology, peer-to-peer transactions, and artificial intelligence. The objective is to cultivate a skilled local workforce capable of developing blockchain-based payment systems that foster financial inclusion.
#What Are Tether's Broader Goals in Vietnam?
Tether is expanding its ecosystem by introducing toolkits that facilitate blockchain-based payment and savings solutions. These tools are available for diverse users, including artificial intelligence systems. The company is increasingly prioritizing the development of open-source tools aimed at supporting self-custodial wallets that accommodate various digital assets.
#Why is Vietnam Focusing on Blockchain Technology?
Vietnam is actively enhancing its national blockchain infrastructure as part of a broader strategy to achieve technological self-reliance. The country's government is committed to building indigenous blockchain systems that emphasize independence in digital technology development. This focus can potentially place Vietnam on the international map as a model for blockchain innovation in governmental setups.