Tether and Northern Data Group will work together on projects including artificial intelligence (AI), communication, and data storage as part of their relationship.
The company that is responsible for the USDT stablecoin, Tether, has made a strategic investment in Northern Data Group, a company that is located in Germany and offers services related to data centers and cloud environments.
In addition to blockchain services, Northern Data Group also offers services related to artificial intelligence computing. Tether and Northern Data Group will work together on projects including artificial intelligence (AI), communication, and data storage as part of their relationship.
This investment shows Tether’s commitment to new technologies, the company said in a press release. The size of the investment will not be revealed at this time.
As a new venture into uncharted technical territory, Tether Chief Technology Officer Paolo Ardoino said, “We are very enthusiastic about this investment into Northern Data Group.” “The strength and integrity of Tether tokens’ reserves will be preserved thanks to this investment, which reaffirms our commitment to responsible growth and innovation,”
According to the data shown on The Block’s Data Dashboard, Tether is responsible for keeping 68 percent of the total supply of stablecoins at 90.62 billion through its USDT token.
The Block reached out to Tether for comment, but the company did not immediately react to the question.
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