Tether signed a memorandum of understanding with Da Nang City, Vietnam, to promote blockchain-driven digital governance and infrastructure development

According to the official blog, the stablecoin issuer Tether has announced that it has signed a Memorandum of Understanding (MoU) with the People's Committee of Da Nang City, Vietnam, aimed at promoting the development of digital infrastructure and innovative governance models in Da Nang City.

Under the MoU, Tether and Da Nang City will jointly research and develop a mechanism to support the integration of blockchain, digital assets, and peer-to-peer technology. This initiative will draw on international best practices to advance transparent, efficient, and resilient digital governance solutions.

It is reported that Tether will support Da Nang City in proposing suitable policies regarding blockchain technology, digital assets, sandbox experiments, and the tokenization of real-world assets (RWAs). Tether will also share its expertise from global experience to help the city build a comprehensive framework that meets international standards, such as the standards implemented under the "Plan ₿" initiative.

In addition, Tether and Da Nang City will closely collaborate with universities and research institutions across Vietnam to jointly develop and implement educational initiatives in blockchain, peer-to-peer technology, and artificial intelligence. At the same time, specialized training programs will be designed to enhance the local capacity of the public and private sectors to build and manage blockchain-based payment systems, thereby improving financial inclusion and modernizing the transaction ecosystem.