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Tether Makes Foray into Renewable Energy; to Mine BTC in Uruguay

Tether Makes Foray into Renewable Energy; to Mine BTC in Uruguay
Tether is investing in renewable energy production in Uruguay for the mining of Bitcoin in the South American country, the company announced on Tuesday. The issuer of USDT stablecoin is also recruiting experts in the energy sector in the region as part of the plan.The announcement follows Tether’s release of its financial reports, where the company disclosed that it had $1.5 billion worth of Bitcoins as part of its USDT reserves. Additionally, the company said it was committing to use 15% of its... Read More
Posted: May 30 2023, 21:17
Author Name: financemagnates
Views: 081477

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