Tether Partners with Da Nang City to Boost Blockchain-Based Governance

Tether, a leading entity in the digital asset industry, has entered into a Memorandum of Understanding (MoU) with the People’s Committee of Da Nang City, Vietnam. This collaboration aims to foster the development of blockchain-powered digital governance and infrastructure, according to Tether.

Advancing Digital Infrastructure

The MoU sets the stage for Tether and Da Nang City to jointly explore and implement blockchain technologies, digital assets, and peer-to-peer innovations. By adopting international best practices, the partnership aims to enhance transparency, efficiency, and resilience in the city’s digital governance systems.

Policy and Innovation Support

One of the key aspects of the MoU is Tether’s support in developing policies conducive to blockchain technology and digital assets. This includes sandbox experimentation and the tokenization of real-world assets (RWAs). Tether will leverage its global expertise to help Da Nang City align its frameworks with international standards, such as those seen in the Plan ₿ initiative.

Educational and Training Initiatives

Tether and Da Nang City will collaborate with Vietnamese universities and research institutions to promote education on blockchain and AI technologies. They plan to design specialized training programs to build local capacity for managing blockchain-based payment systems, thus modernizing the transactional ecosystem and enhancing financial inclusion.

Strategic Vision

Paolo Ardoino, CEO of Tether, highlighted Da Nang’s role as a burgeoning hub for digital governance in Southeast Asia. He noted the city’s vision aligns with Tether’s mission to build inclusive and efficient digital ecosystems. Ho Ky Minh, Standing Vice Chairman of Da Nang People’s Committee, reiterated the city’s ambition to become a trusted destination for global tech and financial corporations, seeing the partnership with Tether as a strategic move in this direction.

This MoU supports Tether’s overarching goal to bridge traditional finance with decentralized innovations, promoting transparency and sustainable growth. Da Nang’s strategic location, robust digital infrastructure, and progressive regulatory environment position it as a key player in attracting global technology investments and fostering blockchain innovation.

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