Tether, the provider of USDT stablecoins, has announced a strategic partnership to introduce blockchain and cryptocurrency education to Vietnam on Tuesday.
Tether Operations Limited, the parent company of the long-standing US dollar-backed stablecoin, has partnered with the Vietnam Blockchain Association (VBA) to inform stakeholders in the public about this emerging technology.
The partners aim to conduct series of workshops and conferences, “fostering knowledge-sharing and capacity-building” within blockchain industry, official statement read.
The VBA launched Academy of Blockchain and AI Innovation on April 24 during an annual forum, a local report said. This education wing aims to enrol one million individuals by 2030 including 100,000 students from 30 universities in Vietnam.
The academy is made up of an executive committee, a board of directors, and a scientific council made up of top blockchain specialists.
According to 2023 crypto gains report by Chainalysis, Vietnam ranked third overall in total crypto gains, with $1.18 billion. The country showed strong cryptocurrency adoption that remained notably resilient even through the past bear market.
Additionally, 17% of Vietnamese own or have cryptocurrencies, with likely age group between 25-34 years.
Tether Eyes Broader Stablecoin Education
Through their partnership with the VBA, Tether hopes to educate Vietnamese communities about the potential of digital finance. Consequently, the partners have scheduled five educational conferences in two of the country’s most important cities, Hanoi and Ho Chi Minh City.
“We are excited to collaborate with VBA to educate about blockchain technologies as practical solutions to the unique challenges faced by Vietnamese communities,” Paolo Ardoino, CEO of Tether, noted.
Through the joint training and research programs, VBA will also provide the younger generation with extensive learning and development opportunities.
This will help them “confidently enter the digital era and enhancing their fintech knowledge,” says Phan Duc Trung, vice chairman of VBA.
Additionally, the blockchain academy ran a program called UniTour 2024 that was especially created for college students. Tether will support this initiative, which has already yielded useful insights into how blockchain can be applied to meet university requirements.