Tether and Da Nang City Sign MoU to Advance Blockchain-Powered Digital Governance and Infrastructure
Tether, a leading digital asset company, has signed a Memorandum of Understanding (MoU) with the People's Committee of Da Nang City, Vietnam, to promote digital infrastructure development and advanced governance models. The collaboration aims to integrate blockchain, digital assets, and peer-to-peer technologies using international best practices for transparent and resilient governance. Tether will assist Da Nang City in drafting policies for blockchain, sandbox experimentation, tokenization of real-world assets, and creating a comprehensive framework aligned with global standards like Plan ₿. Moreover, the partnership includes educational initiatives in blockchain, AI, and digital payments, and training programs to modernize transactional systems and enhance financial inclusion. This aligns with Da Nang's strategy to attract global tech investments and reinforce its position as a hub for blockchain innovation and fintech in Southeast Asia.
Tether Signs MoU with Da Nang City
5 November 2025 – Tether, the largest company in the digital asset industry, announced the signing of a Memorandum of Understanding (MoU) with the People’s Committee of Da Nang City. This partnership aims to promote the development of digital infrastructure and innovative governance models in Da Nang, one of Vietnam’s most dynamic and forward-thinking municipalities.
Focus on Blockchain Integration and Governance
Through this MoU, Tether and Da Nang City will work together to research and develop mechanisms supporting the responsible integration of blockchain, digital assets, and peer-to-peer technologies. The initiative will incorporate international best practices to create transparent, efficient, and resilient digital governance solutions.
Policy Support for Blockchain and Tokenization
Tether will assist Da Nang City in proposing policies related to the advancement of blockchain technology, digital assets, sandbox experimentation, and the tokenization of real-world assets (RWAs). Additionally, expertise from Tether’s global operations, including frameworks like the Plan ₿ initiative, will support the city in developing a comprehensive regulatory framework that aligns with international standards.
Educational Initiatives and Capacity Building
Tether and Da Nang City will collaborate on educational initiatives focusing on blockchain, peer-to-peer technologies, and artificial intelligence. These efforts will involve partnerships with universities and research institutions across Vietnam. Specialized training programs will aim to strengthen local capacity in building and managing blockchain-based payment systems for both public and private sectors, enhancing financial inclusion and modernizing transactional ecosystems.
Leadership Perspectives
Paolo Ardoino, CEO of Tether, commented: “Da Nang is emerging as the future of digital governance in Southeast Asia with a clear vision for how technology can serve people and strengthen governance. We are excited to collaborate with such a forward-thinking city that reflects Tether’s commitment to building inclusive, efficient, and resilient digital ecosystems.”
Da Nang’s Vision for Financial Innovation
Mr. Ho Ky Minh, Standing Vice Chairman of Da Nang People’s Committee, stated: “With a spirit of innovation and openness, Da Nang aspires to establish itself as a trusted destination for global technology and financial corporations. The cooperation with Tether is a concrete step in the city’s development strategy – positioning Da Nang as a gateway for investment and financial innovation in Vietnam.”
Alignment with Tether's Mission and Da Nang’s Strategy
This MoU aligns with Tether’s mission to connect traditional finance with decentralized innovation, expanding access to financial opportunities while advancing transparency and sustainable growth. Highlighting its strong digital infrastructure, strategic geographic position, and progressive regulatory framework, Da Nang aims to attract global technology investment and become a premier destination for the experimentation and application of blockchain technology, fintech, and digital assets.