Tether Teams Up with Mining Pool to Strengthen Network’s Decentralization

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Tether, the stablecoin issuer, plans to direct its existing and future Bitcoin hashrate to OCEAN’s Bitcoin mining pool to enhance the network’s decentralization.

CEO Paolo Ardoino stated on April 15 that this move aligns with Tether’s mining investments and mission to protect Bitcoin from centralizing influences.

Although Bitcoin’s hashrate is decentralized, the block-building process is dominated by a few key players, such as Foundry USA, AntPool, and ViaBTC.

The OCEAN protocol seeks to change this by allowing miners to create their own block templates using the open-source DATUM protocol. This approach reduces reliance on centralized intermediaries and boosts censorship resistance.

Tether will use OCEAN’s DATUM software in all its mining operations globally, including in remote areas of Africa.