On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future.

This strategic investment by Tether in Bitdeer Technologies Group further solidifies the relationship between the mining industry and stablecoin projects. It will be interesting to see how this partnership develops and the impact it may have on both sectors in the future.