Tether has signed an MoU with D3 Labs, a leading provider of blockchain-based solutions for enterprises to evaluate blockchain innovation and education in Indonesia.

July 11, 2024—Tether Operations Limited, the largest company in the digital asset industry, has signed an MoU with D3 Labs, a leading provider of blockchain-based solutions for enterprises to evaluate blockchain innovation and education in Indonesia. This MoU aims to assess the deployment of a cutting-edge blockchain-based asset management platform and Web3 ecosystem designed to revolutionize the fintech industry.

D3 Labs is dedicated to delivering innovative blockchain solutions to empower businesses and foster the web3 ecosystem of SeaSeed Network. This MoU will evaluate the possibility of facilitating discussions about collaboration opportunities with industry participants in Indonesia to promote the crypto ecosystem, highlighting the benefits of Bitcoin, Stablecoins, Blockchain, and P2P technology. 

The MoU will also evaluate the development of comprehensive educational blockchain-related events to foster innovation and collaboration within the local blockchain community. The parties of this MoU will explore new use cases for USDt and EURt tokens, with the possibility of driving their adoption at an institutional and banking level using Real-World Asset (RWA) solutions.

“D3 Labs is excited to join forces with Tether in evaluating this potential collaboration,” said Chung Ying (CY), CEO of D3 Labs. “We are confident that our efforts will potentially bring significant advancements to the fintech landscape, particularly in asset management. The upcoming launch of SeaSeed Network will enable revolutionary use cases in the Web3 ecosystem. This MoU is pivotal in driving blockchain education across Southeast Asia and beyond.”

“As the largest company in the digital asset industry, we are committed to fostering continuous innovation in the blockchain ecosystem. This MoU with D3 Labs could potentially expand our footprint in Southeast Asia as part of our commitment to fostering a thriving blockchain ecosystem and exploring new opportunities for growth and development.,” said Paolo Ardoino, CEO of Tether.

This press release has also been published on VRITIMES