Tether expands presence in Africa with investment in Shiga Digital

Tether has invested in the Pana-African Pana-African platform of Blockchain Shiga Digital solutions, marking another stage of his strategy to develop on the African continent.

Costs of another strategic investment in Crypto-basée platform in Chile OrionxWith the eyes on Latin America, Tether has announcement plans to draw again from its massive resources to bring the attachment (USDT) – Solutions fed to Africa users.

With Shiga Digital, Tether seeks to offer a solution to the problem of cross -border payments and global liquidity. Collaboration will operate the continuation of SHIGA DIGITAL products, including virtual accounts, over -the -counter services, treasure management and currencies.

The services are targeted for companies across the continent, and the USDT will be essential to allow users to access payments in foreign currency. Shiga Digital and Tether seek to democratize traditional finances via USDT integration.

The adoption of the blockchain is increasing and few crypto companies stimulate the traction and the impact of the attachment, the transmitter of the greatest world stable by market share. Tether’s market capitalization is currently more than $ 153 billion.

In early May, Tether published a report showing that he had nearly $ 120 billion in US treasury bills, with quarterly operating profit exceeding $ 1 billion.

“At Tether, we believe that stablecoins are the heart rate of financial transformation,” said Paolo Ardoino, head of management of Tether. “By collaborating with innovators like Shiga Digital, we aim to offer financial access and efficiency to African companies. Together, we do not only imagine a future powered by blockchain technology, we build it. ”

The growing presence of Tether in Africa extends beyond investment payment solutions and cross-border. The company is also committed to accelerating the adoption of blockchain thanks to partnerships in education and innovation.

In February, attachment sign A memorandum of understanding with the Republic of Guinea. The initiative aims to support the country’s digital transformation and economic growth by taking advantage of blockchain infrastructure.