12 months ago
1 min read
Tether to Start Bitcoin Mining in Uruguay
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 mining could have a major impact on the cryptocurrency market. Tether has said that it is mining Bitcoin in order to diversify its reserves and reduce its reliance on fiat