Tether to Aid Georgia in Fostering Blockchain Innovation
Tether, the prominent stablecoin issuer, has formed a strategic alliance with the Government of Georgia to position the nation as a prominent center for blockchain and peer-to-peer technologies. This collaboration is expected to foster an environment of innovation and drive economic expansion in the region. Tether and the Georgian government share a common objective of nurturing a thriving start-up ecosystem, with a particular emphasis on leveraging Georgia’s favorable business environment and high quality of life. Their aim is to attract investments from around the world and facilitate the growth of innovative blockchain start-ups.
Recently, Irakli Nadareishvili, the Deputy Minister of Economy and Sustainable Development in Georgia, revealed Tether’s intentions to make investments in the country. These investments will primarily focus on creating a fund to support local start-ups in their blockchain-related endeavors. Nadareishvili also announced an agreement to foster collaboration in the field of blockchain technology education, aiming to advance blockchain technologies within Georgia and promote the integration of companies operating in this sector.
Another aspect of the collaboration involves the development of a resilient and autonomous communication and financial infrastructure. Tether and the Government of Georgia have committed to jointly investigating the advancement of peer-to-peer digital communication and payment systems. To develop a skilled and competent workforce for the future, Tether and the Georgian government have entered into a collaborative partnership with local educational institutions. This initiative includes a collaboration with BTU, a prominent technological university and research institution in Georgia. The programs will focus on blockchain technology, stablecoins, and peer-to-peer systems.
— Tether (@Tether_to) June 28, 2023
The collaboration between Tether and the Georgian government is expected to enhance the nation’s blockchain ecosystem, foster innovation, and position Georgia as a prominent global player in the fields of blockchain and peer-to-peer technologies. Paolo Ardoino, the Chief Technology Officer of Tether, has expressed the company’s commitment to fostering a robust peer-to-peer technological ecosystem through close collaboration with the Georgian government. He emphasized the significance of this collaboration as a remarkable accomplishment for Tether, showcasing its unwavering dedication to serving as an innovative infrastructure collaborator for cities and nations worldwide.
According to Ardoino, this partnership not only represents a significant achievement for Tether but also enhances the company’s reputation as an innovative infrastructure collaborator for various cities and nations globally.