Tether, the company behind the stablecoin USDT, has opened a large Bitcoin mining facility in Uruguay. The move is seen as significant because Bitcoin mining has faced criticism for its energy consumption. Tether aims to leverage Uruguay’s renewable energy capabilities to ensure its mining operations have a minimal ecological footprint. The company’s Chief Technology Officer, Paolo Ardoino, highlighted the commitment to sustainable and responsible bitcoin mining. Furthermore, the article mentions the strength and potential of Bitcoin as an investment asset due to its limited supply, decentralized nature, and widespread adoption. Finally, the article briefly mentions other news about Binance, Bitcoin Cash, cryptocurrency regulation in Texas, and America’s debt ceiling.
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