D3 Labs CEO Chung Ying Lai
D3 Labs, a provider of blockchain solutions for enterprises in Indonesia, has announced a partnership with Tether, a global blockchain platform designed to facilitate the use of fiat currencies in a digital manner.
This partnership aims to assess the deployment of a cutting-edge blockchain-based asset management platform and Web3 ecosystem to transform the fintech industry in Indonesia.
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The parties will also explore new use cases for USDt and EURt tokens, with the possibility of driving their adoption at an institutional and banking level using Real-World Asset (RWA) solutions.
They will also evaluate the development of comprehensive educational blockchain-related events to foster innovation and collaboration within the local blockchain community.
The partnership will also facilitate discussions on collaboration opportunities with industry participants in Indonesia to promote the crypto ecosystem, highlighting the benefits of Bitcoin, Stablecoins, Blockchain, and P2P technology.
Chung Ying (CY), CEO of D3 Labs, said: “We are confident that our efforts will potentially bring significant advancements to the fintech landscape, particularly in asset management. The upcoming launch of SeaSeed Network will enable revolutionary use cases in the Web3 ecosystem. This MoU is pivotal in driving blockchain education across Southeast Asia and beyond.”
D3 Labs aims to leverage programmable assets and blockchain technology to revolutionise the financial landscape. Powered by blockchain technology, programmable assets can bridge the gap between underserved individuals, businesses, and the formal financial sector. They provide broader access to digital financial services, enabling seamless and secure transactions while removing barriers such as geographical limitations, high costs, and lack of transparency and documentation.
“This MoU with D3 Labs could potentially expand our footprint in Southeast Asia as part of our commitment to fostering a thriving blockchain ecosystem and exploring new opportunities for growth and development,” said Paolo Ardoino, CEO of Tether.
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Launched in 2014, Tether facilitates the digital use of traditional currencies (a familiar, stable accounting unit) to democratise cross-border transactions across a blockchain. It allows customers to transact with traditional currencies across a blockchain without the inherent volatility and complexity typically associated with a digital currency.
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Image Credit: D3 Labs.
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