November 5, 2025 – Tether, the largest company in the digital assets industry, announced the signing of a Memorandum of Understanding (MoU) with the People’s Committee of Da Nang City to promote the development of digital infrastructure and innovative governance models in one of Vietnam’s most dynamic and progressive municipalities.
Through this MoU, Tether and Da Nang City will jointly explore and develop a mechanism to support the responsible integration of blockchain, digital assets and peer-to-peer technologies. The initiative will leverage international best practices to promote transparent, efficient and resilient digital governance solutions.
Moreover, Tether will support Da Nang City in proposing appropriate policies for blockchain technology, digital assets, sandbox experiments and the tokenization of real-world assets (RWAs). Tether will also share expertise drawn from its global experience to help the city create a comprehensive framework aligned with international standards such as those implemented under the Plan ₿ initiative. This is an important step towards building a progressive policy framework that aligns with international practices while ensuring security and transparency in digital asset management in Da Nang City.
In addition, Tether and Da Nang City will work closely to develop and implement educational initiatives in blockchain, peer-to-peer technologies and artificial intelligence, in collaboration with universities and research institutions across Vietnam. Specialized training programs will also be designed to strengthen local capacity in building and managing blockchain-based payment systems in the public and private sectors, improving financial inclusion and modernizing transactional ecosystems.
Paolo Ardoino, CEO of Tether, commented: “Da Nang is emerging as the future of digital governance in Southeast Asia, with a clear vision of how technology can serve people and strengthen governance. We are excited to partner with such a forward-thinking city that reflects Tether’s commitment to building inclusive, efficient and resilient digital ecosystems.”
Mr. Ho Ky Minh, Permanent Vice Chairman of the Da Nang People’s Committee, said: “With a spirit of innovation and openness, Da Nang aims to establish itself as a trusted destination for global technology and financial companies. The partnership 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.”
This MoU aligns with Tether’s mission to connect traditional finance with decentralized innovation, expanding access to financial opportunities while promoting transparency and sustainable growth. With a strong digital infrastructure, a strategic geographic position and a progressive regulatory framework, the MoU builds on Da Nang’s broader strategy to attract global technology investment and strengthen its position as a premier destination for experimenting and deploying blockchain technology, fintech and digital assets.