November 5, 2025 – tether, Da Nang City, a leader in the digital asset industry, announced that it has signed a Memorandum of Understanding (MoU) with the Da Nang City People’s Committee to promote the development of digital infrastructure and innovative governance models in Da Nang City, one of the most dynamic and advanced municipalities in Vietnam.
Through this MoU, Tether and Da Nang City will jointly research and develop mechanisms that support the responsible integration of blockchain, digital assets, and peer-to-peer technologies. This initiative leverages international best practices to drive transparent, efficient, and resilient digital governance solutions.
Additionally, Tether will help Da Nang City propose appropriate policies for blockchain technology, digital assets, sandbox experiments, and tokenization of real-world assets (RWA). Tether will also share expertise from its global experience to help cities create comprehensive frameworks in line with international standards, such as those implemented under the Plan ₿ initiative. This is an important step towards building a progressive policy framework consistent with international practices while ensuring the security and transparency of digital asset governance in Da Nang City.
Additionally, Tether and Da Nang City will work closely with universities and research institutes across Vietnam to develop and implement educational initiatives on blockchain, peer-to-peer technology, and artificial intelligence. Professional training programs will also be designed to strengthen regional capacity in building and managing blockchain-based payment systems across the public and private sectors, thereby strengthening financial inclusion and modernizing the trading ecosystem.
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 work with such a forward-thinking city that reflects Tether’s commitment to building an inclusive, efficient and resilient digital ecosystem.”
Ho Ky Minh, Standing Vice Chairman of Da Nang People’s Committee, said: “With a spirit of innovation and openness, Da Nang City aims to establish itself as a reliable destination for global technology and financial companies. The cooperation with Tether is a concrete step in Da Nang City’s development strategy, positioning Da Nang as a gateway for investment and financial innovation in Vietnam.”
This MoU is in line with Tether’s mission to connect traditional finance with decentralized innovation to expand access to financial opportunities while promoting transparency and sustainable growth. With its strong digital infrastructure, strategic geographical location and progressive regulatory framework, the MoU builds on Da Nang’s broader strategy to attract global technology investments and strengthen its position as a leading destination for blockchain technology, fintech and digital asset experimentation and application.
