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Tether, a stablecoin issuer, has teamed up with Medoo, a Vietnamese blockchain solutions provider, to launch a blockchain academy in the country.
This move means that Tether is planning a shift towards developing markets in Southeast Asia, particularly Vietnam, which recently unveiled its new 'National Blockchain Strategy'.
Tether Diversifies Its Resources Towards Vietnam
Tether's collaboration with Medoo to set up a blockchain foundation in Vietnam highlights the organisation's growing interest in Southeast Asia's crypto-friendly communities.
Vietnam's adoption of blockchain innovation, as evidenced by its National Blockchain Strategy, positions it as an attractive business opportunity for Tether.
By starting a blockchain foundation, Tether intends to develop important ties with Vietnam and establish itself as a central player in the country's booming blockchain environment.
Tether and Madoo
Equipping Vietnamese Citizens with Blockchain Competencies
Tether's Blockchain Academy will offer a comprehensive educational programme including both basic and specialised courses. The education plan will be aimed at people with different levels of knowledge of blockchain technology, offering introductory courses on key blockchain concepts for beginners. For those wishing to delve deeper into the field, the foundation will provide customised courses on blockchain-related professional skills, enabling them to launch careers in the industry.
Tether's initiative to establish a blockchain academy in Vietnam comes at a time when the organisation is facing regulatory scrutiny in many major markets, including the US. With uncertain prospects in these areas, Vietnam's opening up to the blockchain world offers Tether a key opportunity. Tether's Blockchain Academy demonstrates the company's commitment to financial development and inclusion in emerging markets such as Vietnam.
Tether recently relocated its headquarters to El Salvador, signalling its interest in expanding into the Latin American market. The company has been continuously improving its ties with the Central American region.
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This strategic partnership between Medoo and Tether could greatly accelerate blockchain development in Vietnam. By providing Vietnamese citizens with fundamental knowledge and skills, Tether's Blockchain Academy can enable them to effectively participate in the global blockchain transformation.
As Vietnam begins its technological journey to become a regional blockchain hub, Tether's presence through the academy can play a crucial role in shaping the country's future in digital assets.
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