Tether, the biggest company in the global digital asset industry, just dropped some great news. They aim to use all of their current and future hashrate on OCEAN, one of the largest Bitcoin mining pools that value decentralization. This move leverages OCEAN's DATUM Gateway software and aligns with Tether's broader mission to fortify Bitcoin against centralizing forces.
OCEAN, introduced by long-time Bitcoin Core developer Luke Dashjr, is a pro-decentralization option. Tether considers the DATUM protocol to be the software stack that is furthest down the road of realizing Bitcoin’s decentralization ethos. Tether’s deployment utilizes OCEAN’s DATUM Gateway software that has been further developed to provide high-performance mining operations under low-bandwidth conditions.
"Tether’s decision to mine on OCEAN reflects months of deep technical evaluation," - Giv Zanganeh, VP of Mining & Energy at Tether.
As the next step, Tether will deploy OCEAN’s DATUM Gateway across Tether’s mining operations around the world. Such operations are especially important in remote and underserved areas like much of Africa.
"Tether’s involvement is a strong signal that decentralization remains a core priority for Bitcoin’s future. Their participation underscores the value of open, censorship-resistant mining protocols." - Luke Dashjr, Chairman and CTO.
In other news, Fizen Limited has received strategic investment from Tether. This innovative fintech firm focuses on self-custody crypto wallets and digital payments. Fizen offers advanced digital payment solutions. By investing in Fizen, Tether is demonstrating its commitment to innovative solutions. This prescient investment will improve financial accessibility and security from scams and fraud, especially in the fast-growing digital asset ecosystem.
Additionally, Tether partnered with Quidax on an Africa-wide crypto literacy program in Nigeria and other African countries. With its mining operations and educational initiatives, Tether is leading the charge of financial empowerment and digital resilience across Africa.
"As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity," - Paolo Ardoino, CEO of Tether.
