Tether Signed a MoU with Da Nang to Develop Blockchain Governance in Vietnam

• The Vietnamese city of Da Nang will become a platform for digital innovation with Tether.
• The company will help the city create a policy for blockchain and RWA.
• Ardoino called Da Nang “the future of digital governance in Southeast Asia.”

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Tether, the issuer of the USDT stablecoin, has signed a memorandum of understanding (MoU) with the People’s Committee of Da Nang City in Vietnam. The aim of the cooperation is to develop digital infrastructure, innovative management models, and introduce blockchain technologies into the public sector of one of the country’s fastest growing municipalities.

Under the agreement, the parties will jointly research and develop mechanisms for the responsible implementation of blockchain, digital assets, and P2P technologies. The initiative aims to promote the creation of transparent, efficient, and sustainable digital governance systems in line with international standards.

As part of the partnership, Tether will help the city develop a policy on blockchain technologies, digital assets, sandboxes for experimentation, and tokenization of real-world assets (RWAs).

The company will also share the experience gained during the implementation of the international Plan ₿ initiative to create a regulatory framework in Da Nang that meets global standards of transparency and security.

In addition, Tether and Da Nang will work on artificial intelligence (AI) education programs together with universities and research centers in Vietnam. The specialized courses will enhance local expertise in creating blockchain solutions for the public and private sectors and promote financial inclusion.

Vietnam, which has recently legalized digital assets (the law will come into force in 2026) and launched a five-year pilot program for crypto trading, is gradually building its own Web3 ecosystem.

Tether CEO Paolo Ardoino said:

For his part, Ho Ky Min, Vice Chairman of the Da Nang People’s Committee, said:

The cooperation with Da Nang continues Tether’s international expansion, having previously invested in African fintech startup Kotani Pay to develop digital infrastructure on the continent, and received regulatory approval from the USDT in Thailand.

At the same time, Vietnam, which ranks fourth in the world in terms of cryptocurrency adoption, sees the new agreement with Tether as a key step towards strengthening its status as a Southeast Asian tech hub.