Tether, the company behind the largest stablecoin USDT, has announced it will route both current and future bitcoin mining power to OCEAN, a decentralized bitcoin mining pool. This is part of Tether’s overall plan to support decentralization and secure the Bitcoin network.
OCEAN was launched in 2023 by Bitcoin Core developer Luke Dashjr and is backed by well-known industry figures including Jack Dorsey, CEO of Block and co-founder of Twitter (now X).
According to Tether, the goal is to make Bitcoin’s infrastructure more resilient and censorship-resistant. Paolo Ardoino, CEO of Tether, said:
“Routing hashrate to OCEAN aligns with both our mining investments and our broader mission to harden Bitcoin against centralizing forces.”