Tether starts mining bitcoins in Uruguay

L’transmitter stablecoin USDT va mine from Bitcoin at Uruguay taking advantage of renewable energy capacities of the country.

This Tuesday, Tether announced the launch of green crypto mining operations in Uruguay in partnership with an unnamed local authorized company.

The company behind the world’s largest stablecoin, USDTalso indicated its intention to invest in renewable energy production in Uruguay.

The Latin American country is known for its high use of solar and wind energy. According to Tether, Uruguay is the world’s number one green energy country with 94% of its production from renewable sources.

By harnessing the power of Bitcoin and Uruguay’s renewable energy capabilities, Tether is paving the way for sustainable and responsible bitcoin mining. Our unwavering commitment to renewable energy ensures that every BTC we mine leaves a minimal ecological footprint while preserving the security and integrity of the network,” enthused Paolo Ardoino, Tether’s CTO.

The iFinex Group firm seeks today to recruit specialists in the energy sector to carry out its projects.

The announcement comes at a time when the stablecoin issuer recently said it wanted to invest part of its profit in Bitcoin. In its latest quarterly report, it announced a profit of almost $1.5 billion.

Follow Corners.en on TwitterLinkedin, Facebook or Telegram so you don’t miss a thing.