The issuer of USDT (Tether), the largest stablecoin in the market, intends to mine Bitcoins in Uruguay.
The company's chief operating officer, Paolo Ardoino, has said that BTC mining will be carried out using advanced technologies and renewable energy sources.
The Tether team has signed a partnership agreement with one of the local mining companies, but its name has not yet been disclosed.
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Paolo Ardoino has noted:
"Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while upholding the security and integrity of the Bitcoin network."
It is worth noting that up to 94% of electricity in Uruguay is produced from renewable sources: wind farms, solar and hydroelectric power plants.
The USDT issuer has recently announced that it will use up to 15% of its net profit to buy BTC.