KEY TAKEAWAYS
- Tether signs an MoU with Da Nang City to enhance digital infrastructure and governance.
- The collaboration focuses on blockchain integration and policy development for digital assets.
- Educational initiatives will be launched to boost local expertise in blockchain and AI technologies.
- This partnership aims to position Da Nang as a leader in digital governance and financial innovation.
On November 5, 2025, Tether, a leading company in the digital asset industry, announced the signing of a Memorandum of Understanding (MoU) with the People’s Committee of Da Nang City. This agreement aims to promote the development of digital infrastructure and innovative governance models in Da Nang, one of Vietnam’s most dynamic municipalities. The announcement was made here.
Through this MoU, Tether and Da Nang City will collaborate to research and develop mechanisms that support the responsible integration of blockchain, digital assets, and peer-to-peer technologies. The initiative will leverage international best practices to advance transparent, efficient, and resilient digital governance solutions.
Furthermore, Tether will assist Da Nang City in proposing suitable policies for blockchain technology, digital assets, sandbox experimentation, and the tokenization of real-world assets (RWAs). Tether will also share its expertise from global experiences to help the city create a comprehensive framework aligned with international standards, such as those implemented under the Plan ₿ initiative.
Educational Initiatives and Capacity Building
In addition to policy development, Tether and Da Nang City will work together to develop and implement educational initiatives on blockchain, peer-to-peer technologies, and artificial intelligence. These efforts will be in collaboration with universities and research institutions across Vietnam.
Specialized training programs will be designed to strengthen local capacity in building and managing blockchain-based payment systems across both public and private sectors. This initiative aims to enhance financial inclusion and modernize transactional ecosystems in Da Nang City.
Strategic Vision for Digital Governance
Paolo Ardoino, CEO of Tether, remarked on Da Nang’s potential, stating that the city is emerging as a future leader in digital governance in Southeast Asia. He emphasized the city’s clear vision for how technology can serve people and strengthen governance.
Mr. Ho Ky Minh, Standing Vice Chairman of Da Nang People’s Committee, highlighted the city’s aspiration to become a trusted destination for global technology and financial corporations. He noted that the cooperation with Tether is a concrete step in Da Nang’s development strategy, positioning the city 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 advancing transparency and sustainable growth. With a strong digital infrastructure and a strategic geographic position, the MoU builds on Da Nang’s broader strategy to attract global technology investment and strengthen its position as a premier destination for blockchain technology, fintech, and digital assets.
Why This Matters: Impact, Industry Trends & Expert Insights
On November 5, 2025, Tether announced a Memorandum of Understanding with Da Nang City to advance blockchain-powered digital governance and infrastructure in Vietnam. This collaboration aims to integrate blockchain technology into public sector operations, enhancing transparency and efficiency.
According to Market Research Southeast Asia, Southeast Asia is experiencing rapid blockchain adoption, driven by consumer uptake and government support. This aligns with Da Nang City’s initiative to incorporate blockchain into its governance infrastructure, reflecting broader regional trends in digital transformation.
A VietnamPlus report highlights that blockchain is significantly impacting Vietnam’s financial sector by enhancing transparency and reducing costs. This supports the collaboration between Tether and Da Nang City, which aims to leverage blockchain for improved governance and financial inclusion.
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