Tether to Start Bitcoin Mining in Uruguay
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Tether, the world’s largest stablecoin issuer, has announced plans to mine Bitcoin in Uruguay using renewable energy. The company said it will partner with a licensed mining company in Uruguay to mine Bitcoin using renewable energy sources such as wind and hydropower. Tether’s decision to mine Bitcoin is a significant development. The company is one of the largest stablecoin issuers in the world, and its decision to invest in Bitcoin