Tether to Start Bitcoin Mining in Uruguay
The largest stablecoin in the world Tether [USDT] has been making quite some noise following its inclination towards Bitcoin [BTC]. Recently, the stablecoin issuer revealed its $1.5 billion BTC reserve. Alongside, the network announced that it would allocate up to 15% of its profits towards purchasing the king coin. Now, in another BTC-friendly move Tether revealed that it would start Bitcoin mining operations in Uruguay. In a recent announcement, the stablecoin issuer confirmed a partnership with a local licensed company. However, the specific name of the firm was not disclosed. Paolo Ardoino, CTO of Tether , elaborated on this partnership and said, “By harnessing the power of Bitcoin and Uruguay’s renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining. Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while upholding the security and integrity of the Bitcoin networ...