PANews reported on November 5th that, according to its official blog, stablecoin issuer Tether announced it has signed a Memorandum of Understanding (MoU) with the People's Committee of Da Nang City, Vietnam, aiming to promote the development of digital infrastructure and innovative governance models in Da Nang. Under the MoU, Tether and Da Nang will jointly research and develop a mechanism to support the integration of blockchain, digital assets, and peer-to-peer technologies. This move will draw on international best practices to advance transparent, efficient, and resilient digital governance solutions.

Furthermore, Tether will support Da Nang City in developing appropriate policies regarding blockchain technology, digital assets, sandbox experiments, and the tokenization of Real-World Assets (RWAs). Tether will also share its global expertise to help the city build a comprehensive framework that conforms to international standards, such as those implemented under the Plan ₿ initiative. In addition, Tether and Da Nang City will work closely with universities and research institutions across Vietnam to develop and implement educational initiatives in blockchain, peer-to-peer technology, and artificial intelligence. They will also design specialized training programs to enhance the local capacity of the public and private sectors to build and manage blockchain-based payment systems, thereby improving financial inclusion and modernizing the transaction ecosystem.