Tether has announced that it will direct its Bitcoin hash rate to OCEAN’s mining pool to enhance Bitcoin's network decentralization. Tether’s CEO, Paolo Ardoino, stated this action aligns with the company’s goals to protect Bitcoin from centralization threats. Although Bitcoin’s hashrate is decentralized, mining pools like Foundry USA and AntPool dominate block-building processes. The OCEAN protocol aims to counteract this by allowing miners to create block templates through its open-source DATUM protocol, improving censorship resistance and reducing reliance on centralized entities. Tether's partnership will utilize OCEAN’s software across its global mining operations. Currently, OCEAN mines between 0.2% to 1% of Bitcoin blocks, significantly lower than its larger competitors, which account for over 66% of all blocks. The collaboration is expected to bolster OCEAN's capabilities, which have averaged about 18.3 EH/s in recent days.

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