Tether partners with Ocean mining pool to decentralize Bitcoin block-building

Stablecoin firm Tether said it will direct its Bitcoin hashrate to Ocean's mining pool as part of its mission to make Bitcoin block building more decentralized.

Stablecoin issuer Tether has announced it intends to deploy its existing and future Bitcoin hashrate to Ocean’s Bitcoin mining pool in an effort to strengthen the network’s decentralization.

“Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” Tether’s CEO Paolo Ardoino said in an April 15 statement.

Source: OCEAN Mining

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