coinspress.com
Tether is launching a new P2P financial markets terminal that aims to decentralize market data using Holepunch technology, effectively cutting out intermediaries.
This development represents a major investment for Tether as it seeks to innovate in financial market infrastructure.
CEO Paolo Ardoino announced the initiative on social media, highlighting Tether’s commitment to significant investment in this area. The goal is to enhance financial market resilience by removing monopolistic control and allowing exchanges to directly manage their data revenue streams.
The specifics of the terminal are yet to be disclosed, but it will utilize Holepunch technology, known for enabling app creation without the need for centralized data storage. This aligns with Tether’s strategy to support decentralization and streamline deployment.
This project is part of Tether’s broader diversification strategy, which includes restructuring into four divisions: finance, data, education, and power. Tether Finance will continue to handle the USDT stablecoin and other digital assets, while the Power unit focuses on sustainable Bitcoin mining.
Tether Data will invest in P2P technology and AI, and Tether Evo, the venture capital arm, recently acquired a majority stake in BlackRock Neurotech, a company specializing in brain-computer interfaces.