- Tether shifts its Bitcoin hashrate to OCEAN to promote a more decentralized and autonomous mining structure.
- Tether boosts its reserves and expands influence while supporting crypto firms struggling with traditional funding.
Tether is back in the spotlight. This time it’s not about its USDT stablecoin, but because of its bold new move: allocating its Bitcoin computing power, aka hashrate, to OCEAN, a mining pool that focuses on decentralization. This move is not just about mining techniques, but to move away from the centralization that still quietly looms over the Bitcoin mining world.
馃毃JUST IN: @TETHER_TO TO DEPLOY HASHRATE ON OCEAN, ADVANCING DECENTRALIZED $BTC MINING INFRASTRUCTURE
— BSCN Headlines (@BSCNheadlines) April 14, 2025
Tether鈥檚 Move Toward Fairer Bitcoin Mining
Just imagine if the world’s Bitcoin mining power was only controlled by a handful of big players鈥攊t feels like a game where the winner has been determined from the start. Well, Tether doesn’t seem to want that to happen. By shifting its hashrate to OCEAN, Tether wants to encourage a more open mining model.
Through open-source technology called DATUM, OCEAN allows miners to create their own block templates without having to rely on a control center.
Furthermore, Tether will also embed software called DATUM Gateway into its various mining operations, including those in remote areas such as in several areas of Africa. The goal is so that local miners can stay connected to the global network without having to worry about losing due to latency or limited access. At the same time, this strategy expands its geographic reach while maintaining efficiency.
More Than Mining: A Strategic Power Play
On the other hand, this move is in line with another move by Tether in early April, when they added 8,888 BTC to their reserves. According to a report from CNF, this is part of their strategy to allocate 15% of the company鈥檚 profits to long-term Bitcoin accumulation. So, while strengthening the mining sector, Tether is also strengthening their position as one of the largest Bitcoin holders.
But Tether鈥檚 story doesn鈥檛 end there. Amidst the increasing number of crypto companies struggling to access funds through traditional channels鈥攔emember the collapse of BlockFi, Celsius, and Genesis?鈥擳ether has emerged as a reliable source of liquidity.
With its large reserves and strong global network, Tether has now become a haven for many crypto projects struggling to find extra breath.
Recently, Paolo Ardoino, CEO of Tether, also dropped a hint about the company鈥檚 direction changing. In his tweet, he hinted at an adjustment in the composition of the reserves. Although he didn鈥檛 elaborate, the market immediately reacted.
The USDT/USD exchange rate had fallen slightly from $1.0002 to $1.0001, but its trading volume had actually jumped 5% in just an hour. It seems that the market does have a super sharp radar for Tether’s movements.
And speaking of the future, on April 7, Ardoino spoke up to the Financial Times. He said that Tether is considering launching a new stablecoin that will only circulate in the United States.
Of course, it all depends on the direction of regulatory policy there. But one thing is clear: if the White House considers stablecoins important, Tether doesn’t want to miss the train.
