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The company behind the world’s largest stablecoin announced on May 30 that it is looking to mine BTC using sustainable energy in the South American country.
To do this, Tether has decided to invest in “renewable energy sources to support and promote sustainable bitcoin mining”.
- Company’s statement The South American nation is one of the global leaders in renewable energy, as 94% of its electricity generation comes from renewable sources, mainly wind and solar power.
“Using the power of bitcoin and Uruguay’s renewable energy capabilities, Tether is paving the way for sustainable and responsible bitcoin mining,” commented Paolo Ardoino – Tether’s CTO.
- The announcement failed to name Tether’s local partner. It portrayed it only as a licensed company.
- The stablecoin issuer describes developing sustainable BTC mining processes as “an essential component in maintaining the world’s most robust and secure monetary network.”
- Elaborating on Tether’s plans for sustainable BTC mining, Ardoino said:
“Our unwavering commitment to renewable energy ensures that each bitcoin we mine leaves a minimal ecological footprint while maintaining the security and integrity of the bitcoin network. Tether is proud to lead a movement that focuses on cutting-edge technology, sustainable Connects practices and financial innovation.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
The company behind the world’s largest stablecoin announced on May 30 that it is looking to mine BTC using sustainable energy in the South American country.
To do this, Tether has decided to invest in “renewable energy sources to support and promote sustainable bitcoin mining”.
- Company’s statement The South American nation is one of the global leaders in renewable energy, as 94% of its electricity generation comes from renewable sources, mainly wind and solar power.
“Using the power of bitcoin and Uruguay’s renewable energy capabilities, Tether is paving the way for sustainable and responsible bitcoin mining,” commented Paolo Ardoino – Tether’s CTO.
- The announcement failed to name Tether’s local partner. It portrayed it only as a licensed company.
- The stablecoin issuer describes developing sustainable BTC mining processes as “an essential component in maintaining the world’s most robust and secure monetary network.”
- Elaborating on Tether’s plans for sustainable BTC mining, Ardoino said:
“Our unwavering commitment to renewable energy ensures that each bitcoin we mine leaves a minimal ecological footprint while maintaining the security and integrity of the bitcoin network. Tether is proud to lead a movement that focuses on cutting-edge technology, sustainable Connects practices and financial innovation.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
