Tether signs Memorandum of Understanding with Da Nang City, Vietnam to advance blockchain-driven digital governance and infrastructure development

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

According to 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 technologies. This initiative will draw on international best practices to advance transparent, efficient, and resilient digital governance solutions. In addition, Tether will support Da Nang City in proposing appropriate 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 those implemented under the "Plan ₿" initiative.

Furthermore, Tether and Da Nang City will work closely 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, they will design specialized training programs to strengthen local capacity in the public and private sectors for building and managing blockchain-based payment systems, thereby enhancing financial inclusion and modernizing the transaction ecosystem.