Tether chose Uruguay to mining cryptocurrency. Review by Crypto Upvotes experts
Tether has decided to get into Bitcoin mining and announced. It is investing in green power generation and launching bitcoin mining in Uruguay. As part of the project, the issuer of the leading stabelcoin USDT is partnering with a local licensed company.
Tether has thus expanded its scope to include energy and mining. The report states that the company’s goal is. It is to become a global technology leader and this investment demonstrates Tether’s “commitment to innovation in energy and the future of cryptocurrency.”
The Tether noted that it chose Uruguay, which is rich in natural resources. Because the country offers ideal conditions for renewable energy production. These are the creation of wind farms, solar parks and hydropower projects. 94% of the country’s electricity production comes from renewable energy sources. And that makes it a world leader in this area.
Our experts note that the USDT token issued by Tether has remained the largest stablecoin by market capitalization for many years. And third among all cryptocurrencies after Bitcoin and Ethereum.