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Tether Makes New Investment to Expand Blockchain Finance Across Africa
- Tether has made a new investment to expand blockchain finance across Africa, aiming to accelerate financial inclusion and unlock global liquidity for African enterprises using USD₮, Tether’s U.S. dollar-pegged stablecoin.
- The partnership with Shiga Digital, a platform offering financial tools tailored to African businesses, will enhance cross-border payment capabilities, reduce friction in foreign currency access, and support legacy sectors like oil and gas with modern blockchain-based infrastructure.
- This collaboration is crucial in emerging markets where access to reliable global banking is limited, empowering independent contractors and small enterprises to transact internationally, manage capital efficiently, and hedge against currency volatility by anchoring services to stablecoins like USDT.
- Tether's move in Africa is part of a broader surge in digital asset adoption across the continent, with central banks in countries like Morocco regulating cryptocurrencies and businesses exploring blockchain for value storage and cross-border commerce to drive financial transformation.
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