Tether, regarded as the largest player in the global digital asset sector, has entered into a Memorandum of Understanding with the People’s Committee of Da Nang City in Vietnam. The agreement is intended to accelerate the growth of digital infrastructure and modern governance models in a city widely seen as one of Vietnam’s most progressive urban hubs.
Under this collaboration, both parties will jointly explore ways to responsibly integrate blockchain technology, digital assets, and peer-to-peer systems into the city’s digital ecosystem. The initiative is expected to draw on global best practices to shape governance tools that prioritize transparency, operational efficiency, and resilience.
The partnership also involves Tether’s support in formulating policies related to blockchain adoption, digital asset regulation, sandbox experimentation, and real-world asset tokenization. The company plans to share its international experience to help Da Nang design a structured framework that aligns with standards seen in previous initiatives. The overarching aim is to build a progressive yet secure policy environment that safeguards users while encouraging innovation in the digital economy.
Focus on Education and Skill Development
Beyond regulatory support, the collaboration outlines plans to strengthen Vietnam’s talent pipeline in emerging technologies. Tether and Da Nang intend to work alongside universities and research organizations to introduce educational programs centered on blockchain, peer-to-peer systems, and artificial intelligence. These programs are designed to increase technical proficiency among students, researchers, and industry participants.
Specialized training modules are expected to be created to help public and private stakeholders develop and operate blockchain-based payment infrastructures. The effort is seen as a step toward broadening financial access while modernizing transactional systems in the region.
Stakeholder Perspectives
Tether’s CEO Paolo Ardoino reportedly emphasized that Da Nang is positioning itself as a model for digital governance in Southeast Asia, highlighting the city’s clear strategy for using technology to enhance public services and citizen experience. He expressed the company’s interest in collaborating with a jurisdiction that reflects its own commitment to building inclusive and resilient digital ecosystems.
Meanwhile, Da Nang’s Standing Vice Chairman Ho Ky Minh is understood to have stated that the city aims to become a trusted destination for leading global technology and financial players. He described the partnership with Tether as an important component of Da Nang’s long-term development strategy, helping strengthen its role as a gateway for digital investment and financial innovation in Vietnam.
Alignment with Broader Growth Strategy
The MoU is consistent with Tether’s broader mission to bridge traditional finance with decentralized technologies, expanding financial participation while supporting sustainable growth. Da Nang, with its strong infrastructure, strategic location, and reform-driven regulatory approach, is using this agreement to deepen its appeal as a testbed for blockchain, fintech, and digital asset initiatives.
The partnership is expected to reinforce the city’s ambitions to emerge as a regional center for digital transformation, attracting international investment while positioning itself at the forefront of blockchain experimentation and application in Vietnam.