Tether has signed a Memorandum of Understanding (MOU) with the government of Georgia, aiming to position the country as a central hub for peer-to-peer (P2P) technology. The collaboration seeks to foster a thriving startup ecosystem and attract international interest and investment to Georgia. Paolo Arduino, Chief Technology Officer of Tether, emphasized the company’s commitment to advancing global strategies and diversifying its offering beyond stability. in press release “Tether aims to empower cities and facilitate the adoption of blockchain technologies such as Bitcoin as well as peer-to-peer technology solutions such as Keet and Holepunch,” he said. The partnership will focus on creating an enabling environment for decentralized solutions and emerging technology companies.
Deputy Minister of Economy and Sustainable Development Irakli Nadarishvili highlighted Tether’s interest in investing in Georgia, with plans to create a special fund for local startups. The fund will support the development of blockchain technologies and help position Georgia as an attractive ecosystem for emerging technology companies. Nadarishvili also emphasized the importance of cooperation in the educational field to attract more companies operating in this sector.
The collaboration between Tether and the Government of Georgia will go beyond startups and education. According to the press release, they will “also explore the development and implementation of a robust and independent communications and financial system.”
To strengthen the country’s distributed technology ecosystem, Tether and the Georgian government will work closely with local academic institutions, Including the University of Business and Technology (BTU) to develop educational programs and initiatives. These efforts aim to provide students and professionals with the knowledge and skills needed to succeed in the bitcoin industry.
Overall, the partnership between Tether and the Government of Georgia seeks to foster innovation, promote Georgia as a global leader in Bitcoin and peer-to-peer technologies, and attract businesses and professionals to the country. By creating a thriving environment for technology use and investment, Georgia aims to ignite a revolution of innovation and economic growth in space.