Tether Operations Limited has announced its collaboration with the Vietnam Blockchain Association (VBA), which is meant to push blockchain and digital assets education in Vietnam. The collaboration seeks to enhance broader awareness of blockchain technologies in the country.
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Through the partnership, the two organizations will spearhead a series of workshops and conferences to educate public stakeholders on blockchain technology fostering knowledge sharing and capacity building within the industry.
Vietnam increasingly turns to crypto for banking
The firm is leveraging its recently established education unit, Tether EDU in this initiative meant to boost awareness of blockchain technology in the country working with the help of VBA.
The Ho Chi Minh City-based VBA hosts nationwide workshops and conferences and promotes blockchain technology. It serves as the blockchain hub for interested individuals.
“As a leading voice in blockchain adoption, the Vietnam Blockchain Association’s work aligns well with our mission to promote education in blockchain,” said Tether CEO Paolo Ardoino.
“We are excited to collaborate with VBA to educate about blockchain technologies as practical solutions to the unique challenges faced by Vietnamese communities,” added Ardoino.
The collaboration also comes as Vietnam’s adoption of cryptocurrency and the blockchain technology continues to gain serious traction. The country was last year ranked third largest cryptocurrency gainer in the world after the US and UK with nearly $1.8 billion. This makes Vietnam one of the five Asian countries in the top 10 countries for cryptocurrency gains.
An estimated 17% of the population in Vietnam own or have cryptocurrencies, making the country a hotbed for digital assets.
Tether drives passion in blockchain tech for youths
Now, the collaboration becomes a crucial step for Tether’s broader plans of pushing cryptocurrency education in emerging markets. One of the key initiatives under the collaboration involves holding conferences in Hanoi, Da Nang, Ho Chi Minh City, and other major centers in the country.
Commenting on the collaboration, Phan Duc Trung, standing vice chairman of the VBA and chairman of the Academy of Blockchain and AI Innovation (ABAII) Academy said:
“This strategic collaboration with Tether will make an important contribution to promoting blockchain education in Vietnam.”
Also read: Tether ceases USDT issuance on Algorand and EOS
According to Tether, the company will also support the VBA in the UniTour program through developing educational content with the ABAII. The UniTour is a joint initiative between the VBA and ABAII designed for university and college students across the country, to drive passion in blockchain technology among the youth, and encourage them to pursue career or startup ambitions in the industry.
Tether also revealed its support for Web3 projects and startups as part of this collaboration.
Cryptopolitan reporting by Enacy Mapakame
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