Tether cooperates with the government of Georgia: What goals do the company pursue?

Tether cooperates with the government of Georgia: What goals do the company pursue?

tether, the company behind the leading StableCoin USDT, has signed a declaration of intent with the government of Georgia. This cooperation is not the first time that Tether cooperates with governments. But what is the goal of the company?

According to the press release, “strategic cooperation” strives to make Georgia a center for peer-to-peer and blockchain technologies. This includes the promotion of P2P technologies such as Keet and Holepunch as well as the support of startups and the entire startup ecosystem in Georgia. Tether also plans to set up a special fund to support local startups and to help education with the training of specialists for blockchain and P2P. Furthermore, Tether and the government want to advance the development and use of a "robust and independent communication and financial system". The inherent transparency and safety of blockchain systems should transform the public service and the private sector.

However, the explanation remains very vague and open. No concrete plans, grants or cooperations are mentioned. It seems that Tether and the government of Georgia have only agreed to work together in the Blockchain and P2P area.

This nebulous announcement has confused many crypto media because they don't know exactly what to do with it. It is speculated what advantages Tether pulls out of this project and whether the company gets closer to the status of a shadow government.

A possible explanation can be found in the press release itself. The partnership between Tether and the Georgian government underlines "Tether's commitment to his global strategy, resilient cities and nations". As Tether with cities and nation states such as El Salvador, Uruguay and now Georgia, the company creates retreats that are protected against regulatory pressure. The ideal safespaces for Tether are apparently countries in the second world that are politically stable and have natural resources to enable Bitcoin mining. Cities like Lugano also fit into this profile. Tether works so closely with cities and governments that the company can already be referred to as a transnational organ.

Another interesting aspect is the wording of the press release. Instead of "Bitcoin and cryptocurrencies", Tether speaks of "Blockchain and Peer-to-Peer". Georgia seems to be the first step in a strategic repositioning of Tether. The previously unknown apps are mentioned again and again Holepunch and Keet. Holepunch is a platform for P2P apps without a server, while Keet is a decentralized and fully encrypted communication instrument. Both are supported by Tether and the Bitfinex stock exchange.

The support of P2P technologies can help Tether to avoid regulation and to avoid data leaks as they appear in a court trial against the company.

The connection to Georgia also suggests a third explanation: Tether tries to become an indispensable for the US government. Georgia is very important and has a complex relationship with Russia. By promising to build a resilient infrastructure for communication and finance in Georgia, the country can be protected from attacks and stabilized in the event of a possible collapse of Russia.

A factor in this scenario that is not explicitly mentioned is the Tether dollar USDT. Tether has been acting as a kind of shadow central bank for the dollar for some time and brings the electronic shadow currency of the Greenback to where he had difficulties, namely to the edges of the Soviet world, to the borders of China and Russia, to the international money transfer from the USA to Latin America or to countries like Myanmar and the libanon plagued by inflation.

The Tether dollars are the key to the hyperdollarization of the world. By expanding his dollar empire to the limits of Russia and beyond, the company is becoming increasingly valuable for the US government.