Tether, the company behind the popular stablecoin, has announced the launch of the testing phase for its Bitcoin mining platform called Moria. The platform has achieved a significant milestone by deploying its initial batch of containers and miners. Tether emphasized its commitment to robust security protocols, including multi-signature approval for all write actions. The platform is built on Tether’s proprietary Holepunch technology and aims to facilitate secure and resilient interactions within the Bitcoin mining ecosystem. Tether’s chief technology officer, Paolo Ardoino, also highlighted the importance of regulators focusing on existing financial structures rather than targeting cryptocurrencies.
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