Tether signed a memorandum of cooperation with Da Nang City in Vietnam to promote the construction of Blockchain digital governance infrastructure.

According to Deep Tide TechFlow news on November 5, Tether announced the signing of a memorandum of cooperation with the People's Committee of Da Nang City, Vietnam, aimed at advancing the development of the city's digital infrastructure and innovative governance models.

According to the memorandum, both parties will jointly study and develop mechanisms to support the responsible integration of blockchain, digital assets, and peer-to-peer technology. This initiative will utilize international best practices to promote transparent, efficient, and resilient digital governance solutions.

Tether will support Da Nang in formulating policies related to blockchain technology, digital assets, sandbox experiments, and the tokenization of real-world assets, and will share global experiences to assist the city in creating a comprehensive framework that meets international standards. The two parties will also collaborate with various universities and research institutions in Vietnam to develop education programs on blockchain, peer-to-peer technology, and artificial intelligence, designing specialized training programs to strengthen the construction and management capabilities of the region's blockchain payment systems.

Tether CEO Paolo Ardoino stated that Da Nang is becoming the future of digital governance in Southeast Asia. Ho Ky Minh, the Executive Vice Chairman of the Da Nang People's Committee, said that this cooperation is a concrete step in the city's development strategy.