Tether To Launch Blockchain Academy in Vietnam

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Is Tether’s New Academy in Vietnam the Next Big Thing or Just Another Blockchain Fad? 🤔

In a move that has left many scratching their heads and others reaching for their wallets, Tether has announced a partnership with Medoo to launch a Blockchain Academy in the delightful land of Vietnam. This institution promises to dispense a veritable cornucopia of Web3 wisdom, alongside a smattering of professional skills that might just make you the life of the party—or at least the most interesting person at a tech conference.

Now, one might wonder why Vietnam? Well, the country has recently unveiled a “national blockchain strategy,” which sounds rather grand, doesn’t it? It seems they’re keen on becoming a friendly jurisdiction, and Tether is more than happy to oblige, like a dog wagging its tail at a passing stranger.

Tether Sets Its Sights on Vietnam

In a press release that could make even the most jaded journalist sit up and take notice, Tether, the stablecoin heavyweight, has decided to cozy up to Vietnam. According to Tether’s CEO, Paolo Ardoino, this academy is not just a place to learn about blockchain; it’s a veritable treasure trove of tools for those eager to dive into the market:

“This collaboration demonstrates the transformative potential of blockchain technology while reinforcing Tether’s commitment to emerging markets. By championing blockchain education, we aim to empower communities and showcase the profound impact of stablecoins and blockchain on how we learn, earn, and work,” said Ardoino, likely while wearing a cape and striking a heroic pose.

Vietnam has been positively buzzing with cryptocurrency enthusiasm, and Tether is keen to tap into that electric atmosphere. The academy will offer everything from beginner courses in blockchain basics to specialized skills that might just make you the next tech wizard. And fear not, dear reader, for they plan to partner with at least one Vietnamese university—because nothing says “serious business” like a good old-fashioned academic partnership.

For Tether, this partnership is part of a grander scheme to seek out friendly jurisdictions. Last October, Vietnam announced its “national blockchain strategy,” which is a fancy way of saying they’re ready to invest in the blockchain sector. Tether, with its eyes on the prize, hopes to cultivate a long-lasting relationship here, like a fine wine aging in a cellar.

However, it’s not all sunshine and rainbows for Tether. The firm has been skating on thin ice in several other key markets. Just last December, they made a strategic retreat from the EU, thanks to the new MiCA legislation. While this wasn’t a disaster for their finances, it certainly wasn’t a walk in the park either. And now, whispers abound that the US might be preparing to show them the door as well.

In a bold move, Tether relocated its headquarters to El Salvador this January, signaling its intentions to dive headfirst into the Latin American market. One can only hope they packed their sunscreen and a good book for the journey.

By fostering strong ties in Vietnam, Tether may be positioning itself as a regional entrepôt, ready to navigate the choppy waters of regulatory hurdles in other markets. After all, when the going gets tough, the tough get going—preferably to a place where the blockchain is as friendly as a golden retriever.

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2025-01-24 20:54