The issuer of Tether (USDT), the world’s most popular stablecoin, is setting up an operation to mine bitcoin (BTC) in Uruguay. This marks the first significant move by Tether into mining and is part of a larger push to provide broader access to crypto services.
This comes when Tradecurve, a decentralized finance (DeFi) project in its presale phase, announced that its anonymous trading platform would soon be available globally.
Tether to start bitcoin mining in Uruguay
Tether is establishing a bitcoin (BTC) mining enterprise in Uruguay by leveraging renewable energy sources. This move is part of the company’s strategy to broaden its revenue streams to bolster its USDT stablecoin’s stability.
In addition to its new venture, Tether is actively seeking “area experts” to facilitate its foray into the renewable energy sector. Bitcoin mining is energy-demanding, relying on a global network of computers to authenticate transactions and introduce new coins into circulation. By harnessing renewable energy, Tether aims to make this process more sustainable.
Tether’s steadfast dedication to renewable energy ensures that each BTC mined aligns with sustainable practices, minimizing environmental impact. Simultaneously, it remains devoted to maintaining the security and integrity of the Bitcoin network.
Uruguay stands out as a pioneer in renewable energy production, deriving over 98% of its electricity from renewable resources, with wind and hydro-power being the primary sources, as the U.S. International Trade Administration reported. This makes the country a fitting choice for Tether’s eco-friendly mining operation.
Earlier in the month, Tether announced a change in its treasury management strategy, with plans to allocate a fraction of its net profit towards bitcoin investment. The company pledged to use as much as 15% of its net profit to buy bitcoin, emulating the investment approaches of corporations like Tesla and MicroStrategy.
All of this combines to bolster Tether’s ecosystem further. The stablecoin issuer had a rocky start, but its efforts to create a more sustainable digital asset infrastructure are undeniable.
DeFi platform, Tradecurve, will be available globally
Tradecurve represents a trading platform that merges the security attributes of a decentralized exchange with the user-friendly aspects of a centralized exchange.
Under a single account, Tradecurve users can trade various assets, including cryptocurrencies, stocks, Forex, and commodities.
Kickstarting one’s trading journey on Tradecurve is simple – create an account with an email address, choose a cryptocurrency for the initial deposit, and that’s it – trading can commence.
There’s no need for identity verification or disclosure of personal information, which upholds anonymous trading and enhances security.
Holding TCRV tokens includes reduced trading fees, special rewards, passive income returns for staking, and a VIP account. This means that holders of TCRV can benefit from the token’s appreciation and staking rewards.
Currently in its third presale phase, Tradecurve is garnering interest from both the cryptocurrency community and the conventional finance sector. Recent weeks have witnessed the sale of over 45 million TCRV tokens and a price spike of 50% to $0.015.
Given its potential to reshape the trillion-dollar finance industry, analysts forecast that the TCRV price might experience further gains when it lists on various exchanges later this year.
Visit the links to get more information about Tradecurve and the TCRV token:
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