Tether, the issuer of the world’s largest stablecoin USDT, has signed a memorandum of understanding (MOU) with the Republic of Guinea to explore blockchain adoption and peer-to-peer technology.
The agreement aims to establish a foundation for innovation, helping the West African nation integrate blockchain solutions into its public and private sectors, the company announced in a 17 February 2025 blog post.
The partnership is focused on education, innovation, and sustainable technology development. Tether plans to share industry expertise to foster blockchain adoption in Guinea, a country looking to modernize its digital infrastructure.
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Tether’s Move Follows Similar Blockchain Partnership With Uzbekistan
Tether’s Guinea Agreement follows a similar MOU signed with Uzbekistan in March 2023, where Tether collaborated with the country’s regulators to explore stablecoins, blockchain solutions, and tokenization.
A key element of the agreement is developing blockchain education programs to raise awareness and build technical skills among Guinea’s workforce. The initiative will target both public and private sectors, aiming to cultivate local talent in digital technologies.
“Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation,” said Tether CEO Paolo Ardoino.
Tether Signs MoU with the Republic of Guinea to Accelerate Digital Transformation and Economic Growth Through Blockchain Technology
Read more:https://t.co/BWEOXdViAo
— Tether (@Tether_to) February 17, 2025
Djiba Diakité, chief of staff to Guinea’s interim president Mamady Doumbouya, emphasized the country’s commitment to empowering young people with digital tools, enabling them to compete globally in the technology sector.
Tether also expressed interest in supporting Guinea’s “Innovation City” project, which seeks to establish a hub for tech companies and research institutions.
The move aligns with Africa’s growing crypto adoption, as a December survey by Consensys found that 84% of Nigerians and 66% of South Africans owned a crypto wallet, compared to just 43% in the U.S.
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Tether CEO Hints At Expanding US Presence
Last month, Tether CEO Paolo Ardoino indicated that the company may consider increasing its presence in the US. However, he said Tether remains cautious as it monitors the evolving regulatory environment.
At the time, Ardoino emphasized the importance of clarity before making any significant moves. “I cannot exclude Tether moving a bit more toward some US presence, but we are also doing that in a cautious way,” he stated.
“For the moment, we need regulatory clarity and guidance. We need to see what the laws are looking like coming from the US, and then we will decide.”
Tether’s flagship stablecoin, USDT, remains the dominant player in the market, boasting a $137 billion market capitalization and a 65% market share, according to CoinGecko.
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Key Takeaways
- Tether has signed an MOU with Guinea to explore blockchain adoption and peer-to-peer technology.
- The agreement includes blockchain education initiatives to develop local talent and support Guinea’s “Innovation City” tech hub.
- The move follows Tether’s 2023 partnership with Uzbekistan.
The post Tether Signs MOU With Guinea To Explore Blockchain And Peer-to-Peer Adoption appeared first on 99Bitcoins.
